What is the date of the 'Agreement to Lease' mentioned in the Creative World School lease agreement?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Our standard form of Agreement to Lease is attached to the Franchise Disclosure Document.
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
According to the 2025 Creative World School Franchise Disclosure Document, the specific date of the 'Agreement to Lease' is not provided. However, the document does state that "Our standard form of Agreement to Lease is attached to the Franchise Disclosure Document." This implies that a template or sample agreement is included within the FDD for franchisee reference.
While the FDD doesn't specify a date, it does outline the franchisee's responsibilities regarding site development and lease agreements. The franchisee is responsible for leasing or purchasing land and ensuring the school's development complies with Creative World School's System Standards. The franchisee must also commence school development within 9 months of signing the Franchise Agreement and open for business within 12 months of the Construction Approval Date.
Prospective franchisees should carefully review the attached 'Agreement to Lease' to understand its terms and conditions. They should also consult with legal and real estate professionals to ensure the lease agreement meets their specific needs and complies with local regulations. It would be prudent to discuss the typical timeframe for lease negotiations and approvals with the franchisor to better plan the school's development timeline.
To get clarification on the 'Agreement to Lease', a potential franchisee should ask Creative World School about the typical terms included in the standard lease agreement, the flexibility in negotiating lease terms with landlords, and any specific requirements or restrictions Creative World School places on lease agreements.