factual

Can the tenant assign or sublet the lease to Crave Cookies?

Crave_Cookies Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. Assignment and Subletting. Notwithstanding any provision of the Lease to the contrary, Tenant shall have the right to assign or sublet the Lease to Franchisor, provided that no such assignment or sublease shall relieve Tenant or any guarantor of liability under the Lease. If Franchisor becomes the lessee of the Leased Premises, then Franchisor shall have the right to assign or sublease its lease to a franchisee of the Crave Cookies brand. Any provision of the Lease which limits Tenant's right to own or operate other Crave Cookies outlets in proximity to the Leased Premises shall not apply to Franchisor.

Source: Item 23 — RECEIPTS (FDD pages 47–194)

What This Means (2025 FDD)

According to Crave Cookies' 2025 Franchise Disclosure Document, the tenant, as a franchisee, has the right to assign or sublet the lease to Crave Cookies Franchising, LLC. This is permitted regardless of any conflicting provisions in the lease agreement. However, such assignment or sublease does not relieve the tenant or any guarantor of their liability under the lease.

Furthermore, if Crave Cookies becomes the lessee of the leased premises, they have the right to assign or sublease the lease to another Crave Cookies franchisee. Any provision in the lease that limits the tenant's right to own or operate other Crave Cookies outlets near the leased premises does not apply to Crave Cookies Franchising, LLC.

This clause ensures that Crave Cookies has the flexibility to manage the location, either by taking over the lease themselves or transferring it to another franchisee, without being restricted by clauses that might limit the franchisee's activities. This is a beneficial provision for Crave Cookies as it allows them to maintain control over the location and brand presence.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.