What happens if a Christies International Real Estate office is destroyed and needs to be relocated?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) Relocation Review. You must obtain our prior written consent, which will not be unreasonable withheld, if you wish to relocate your Main Office and/or an Additional Office.
The "new" location must comply with all applicable provisions of this Agreement and with our then-current specifications and standards for CHRISTIE'S INTERNATIONAL REAL ESTATE businesses.
If you must relocate the Main Office and/or an Additional Office because it was destroyed, condemned, or otherwise became untenantable by fire, flood, or other casualty, you must reopen the replacement office within 90 days after you discontinue operation at the prior office.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, if a Main Office or Additional Office must be relocated due to destruction, condemnation, or any event rendering it unusable such as fire or flood, the franchisee must reopen a replacement office within 90 days of ceasing operations at the previous location.
To relocate a Christies International Real Estate office, the franchisee must obtain prior written consent from Christies International Real Estate, which will not be unreasonably withheld. The new location must adhere to all the agreement's provisions and meet Christies International Real Estate's current specifications and standards for its businesses.
This requirement ensures business continuity and adherence to brand standards, but it also places a significant responsibility on the franchisee to act swiftly and in accordance with the franchisor's guidelines in the event of a disaster. The franchisee bears the financial burden of securing and preparing the new location within the specified timeframe.