What happens if I fail to secure a site approved by Christies International Real Estate?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
5.2. Site Selection and Build Out.
(a) Site Selection. You must select a site for the operation of your Business.
We may provide you with site selection guidelines in the Operations Manual or otherwise in writing.
You agree to obtain our written consent for your proposed site.
You may operate the Business only from the accepted site.
If you fail to secure a site of which we approve, we may terminate this Agreement.
- (b) Lease. Before you sign a lease, sublet a space, purchase space, or make any binding commitment to do so, you must provide us a copy of the proposed lease, sublease, or purchase agreement, and you must obtain our prior written approval hereof, which we will not unreasonably withhold.
You acknowledge and agree that your acceptance of the obligation to develop the CHRISTIE'S INTERNATIONAL REAL ESTATE business is based on your own independent investigation of the suitability of the site for the CHRISTIE'S INTERNATIONAL REAL ESTATE business.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, securing an approved site is a critical step in the franchise process. The document states that franchisees must obtain written consent from Christies International Real Estate for their proposed business site. The franchisee is only permitted to operate the business from a site that has been accepted by Christies International Real Estate.
If a prospective Christies International Real Estate franchisee fails to secure a site that meets the franchisor's approval, Christies International Real Estate has the right to terminate the franchise agreement. This highlights the importance of thorough site selection and adherence to the franchisor's guidelines.
Before signing any lease, sublease, or purchase agreement, franchisees must provide Christies International Real Estate with a copy of the proposed agreement and obtain their prior written approval, which, according to the FDD, will not be unreasonably withheld. This process ensures that the site meets the brand's standards and is suitable for operating a Christies International Real Estate business. While Christies International Real Estate may provide site selection guidelines, the franchisee ultimately acknowledges that their decision to develop the business is based on their own independent investigation of the site's suitability.