What is the franchisee required to provide to City Publications as evidence of compliance with lease assignment obligations after termination or expiration?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee's rights to use any telephone number or any telephone directory listings associated with the "CITY PUBLICATIONS" name or any of the Marks and shall authorize transfer of the same to Franchisor or at Franchisor's direction.
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- Franchisor shall have the right to enter any premises leased for the Franchised Business. Additionally, upon demand by Franchisor, Franchisee shall assign (or, if an assignment is prohibited, sublease for the full remaining term and on the same terms and conditions as Franchisee's lease) its interest in the lease then in effect for the premises of the Franchised Business to Franchisor, and Franchisee shall furnish Franchisor with evidence satisfactory to Franchisor of compliance with this obligation within thirty (30) days after termination or expiratio
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, if City Publications demands it, a franchisee must assign their interest in the current lease for the business premises to City Publications upon termination or expiration of the franchise agreement. If an assignment is not permitted, the franchisee must sublease the property to City Publications for the remainder of the lease term under the same conditions as the original lease.
The franchisee is then obligated to furnish City Publications with evidence that they have complied with this lease assignment or sublease obligation. The FDD does not specify the exact form of evidence that would be considered satisfactory.
It is important for prospective franchisees to understand that City Publications has the right to enter any premises leased for the Franchised Business and can make rental and other payments directly to the landlord. Franchisees should seek clarification from City Publications regarding what specific documentation or proof they require to demonstrate compliance with lease assignment or sublease obligations to avoid potential disputes or misunderstandings at the end of the franchise term.