What form must the Crab N Spice landlord sign?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
- A. Real Estate. Your business location is subject to our approval and must meet our specifications. You must use reasonable efforts to have your landlord sign our form of Rider to Lease Agreement (attached to this disclosure document as Exhibit D).
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 17–19)
What This Means (2024 FDD)
According to Crab N Spice's 2024 Franchise Disclosure Document, a prospective franchisee must make reasonable efforts to have their landlord sign the Rider to Lease Agreement. This form is attached to the FDD as Exhibit D.
This requirement means that before a Crab N Spice franchise can open, the franchisor needs assurance that the lease agreement aligns with their standards. The Rider to Lease Agreement likely contains provisions that protect Crab N Spice's interests, such as ensuring the lease terms allow for the specific type of business operation, signage rights, and other critical factors.
As a prospective franchisee, it's crucial to review Exhibit D carefully to understand the obligations it places on the landlord. Discussing this Rider with potential landlords early in the site selection process is advisable. If a landlord is unwilling to sign the Rider, it could prevent the franchisee from opening a Crab N Spice location at that site.