What happens if the proposed Cream franchise transfer requires landlord approval?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
- (6) if the proposed transfer requires notice to or approval from the landlord of the Premises, or any other action under the terms of the Lease, you have taken such appropriate action and delivered us evidence of the same;
Source: Item 23 — RECEIPTS (FDD pages 61–192)
What This Means (2025 FDD)
According to the 2025 FDD, if a proposed transfer of a Cream franchise requires notice to or approval from the landlord of the premises, the franchisee must take appropriate action and deliver evidence of this action to Cream. This means the franchisee is responsible for communicating with the landlord and obtaining any necessary approvals or providing required notices as stipulated in the lease agreement.
This condition ensures that the transfer aligns with the lease terms and that the landlord is informed and, if necessary, approves the new tenant. Failing to obtain landlord approval could jeopardize the transfer process and potentially lead to legal or contractual issues related to the lease agreement. The franchisee must provide Cream with proof that they have fulfilled this obligation.
This requirement is standard in franchising, as the franchisor needs to ensure that the franchisee is in compliance with all lease obligations. Prospective Cream franchisees should carefully review their lease agreements and understand the conditions for transfer to avoid delays or complications during a potential sale.