On what basis does Cd One Price Cleaners sublease the premises to the subtenant?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS SUBLEASE (the "Sublease") is made and entered into as of the day of , 20, by and between [Cleaners Depot affiliate for the CD Store], a limited liability company (the "Sublandlord") and , a (the "Subtenant").
| THE PARTIES ENTER INTO THIS SUBLEASE BASED UPON THE FOLLOWING |
|---|
| FACTS, UNDERSTANDINGS AND INTENTIONS: |
| A. |
| Pursuant to that certain Lease dated (the "Prime Lease"), a |
| copy of which is attached hereto as Exhibit A,, (the "Landlord"), leased |
| to Sublandlord those certain premises (the "Premises") containing approximately |
| square feet in the building located at (the "Building"), for a term ending |
| on ("Prime Lease Expiration Date"). The capitalized terms used in this |
| Sublease shall have the meanings set forth in the Prime Lease (whether or not those terms are |
| incorporated by reference into this Sublease), unless otherwise defined herein. |
| B. |
| Subject to the consent of Landlord, Subtenant desires to sublease from |
| Sublandlord, and Sublandlord desires to sublease to Subtenant, the Premises containing |
| approximately rentable square feet, all upon the terms and subject to the conditions |
| and provisions hereinafter set forth. |
| C. |
| Cleaners Depot Franchise, LLC, an affiliate of Sublandlord (the "Franchisor"), |
| and Subtenant have executed that certain Franchise Agreement (the "Franchise Agreement") of |
| even date herewith pursuant to which Franchisor has granted to Sublessee the right to operate a |
| store at the Premises that offers economically-priced, by-the-piece retail dry cleaning services |
| (the "Store"). |
| NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants |
| and promises contained herein and other good and valuable consideration, the |
| receipt and |
| sufficiency of which are hereby mutually acknowledged, Sublandlord and Subtenant hereby |
| agree as follows: |
| 1. |
| Demise; Use. Sublandlord hereby subleases to Subtenant and Subtenant hereby |
| subleases from Sublandlord the Premises for the term and rental and upon the other terms and |
| conditions hereinafter set forth, to be used and occupied by Subtenant solely for the purpose of |
| operating the Store pursuant to the terms of the Franchise Agreement and for no other purposes |
| whatsoever. |
| 2. |
| Term. The term of this Sublease (the "Sublease Term") shall commence on the |
| date hereof (the "Commencement Date") and shall end, unless sooner terminated, on the earlier |
| of: (a) the date preceding the expiration or earlier termination of the Prime Lease or termination |
| of Sublandlord's right to possession of the Premises, or (b) the date that the Franchise Agreement |
Source: Item 23 — Receipts (FDD pages 72–263)
What This Means (2025 FDD)
According to Cd One Price Cleaners' 2025 Franchise Disclosure Document, the sublease agreement between the Sublandlord (a Cleaners Depot affiliate) and the Subtenant is based on several factors. The Sublandlord leases the premises from the Landlord under a Prime Lease, and the Subtenant desires to sublease the Premises from the Sublandlord, subject to the Landlord's consent. The Subtenant will operate a Cd One Price Cleaners store at the Premises, offering economically-priced retail dry cleaning services, as per the Franchise Agreement. The sublease is contingent upon the terms and conditions outlined in the agreement, the mutual covenants, and the consideration exchanged between both parties.
The Subtenant's use of the subleased premises is explicitly restricted to operating a Cd One Price Cleaners store in accordance with the Franchise Agreement. The term of the sublease is set to commence on a specific date and will end either upon the expiration or termination of the Prime Lease, the termination of the Sublandlord's right to possess the premises, or the termination or expiration of the Franchise Agreement, whichever occurs first. The Subtenant accepts the premises in its existing "as is" condition and is responsible for any costs associated with preparing the space for their occupancy.
The rent structure involves the Subtenant paying Sublease Base Rent, which includes the base rent required under the Prime Lease, plus an optional lease administration fee of up to $500 per month at the Sublandlord's discretion. The Subtenant is also responsible for any percentage rent required by the Prime Lease and must cover all charges that the Sublandlord is obligated to pay under the Prime Lease, such as taxes, insurance, common area maintenance, utilities, and other related expenses. The sublease and the Subtenant's rights are subject to the terms, conditions, and restrictions of the Prime Lease, binding the Subtenant to those provisions applicable to the premises.