What information must the Landlord furnish to Checkersrallys if requested regarding the Premises?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
Landlord agrees to: (a) furnish to Franchisor a copy of any default notice served on Tenant and/or another lessee under the Lease simultaneously with the service of the notice to Tenant and/or such other lessee; (b) provide Franchisor with notice of any proposed renewals, extensions, modifications and amendments to the Lease; (c) give Franchisor the opportunity, but Franchisor shall not be required, to cure any default by Tenant or other lessee under the Lease within 15 days following the expiration of any applicable cure period if Tenant and/or such other lessee fail to cure such default; and (d) to furnish to Franchisor, at Franchisor's request, a copy of any sales or operating information for the Premises provided by Tenant.
Source: Item 22 — CONTRACTS (FDD pages 91–92)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the landlord must furnish to Checkersrallys, at Checkersrallys's request, a copy of any sales or operating information for the premises provided by the tenant. This requirement is part of an agreement between the landlord and tenant, where Checkersrallys is identified as the Franchisor.
This provision allows Checkersrallys to gain insights into the financial performance of the franchise location. By obtaining sales and operating information, Checkersrallys can monitor the franchisee's business and assess the overall health of the location. This information can be valuable for identifying potential issues, providing support to franchisees, and making strategic decisions about the franchise network.
For a prospective Checkersrallys franchisee, this clause means that the landlord is obligated to share certain business data with Checkersrallys if requested. This requirement should be considered when negotiating the lease agreement, as it ensures that Checkersrallys has access to information that can help them support the franchisee's business. It also highlights the importance of maintaining accurate and transparent records of sales and operating data, as this information may be shared with Checkersrallys.