Where can I find the standard form of Agreement to Lease for Creative World School?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
If you lease the Site from a third party, or purchase the Site, we first must approve the lease, financing and/or purchase documents that you will sign. We require that they contain certain provisions that are designed to protect our rights. If you (or your affiliate) lease the Site from a third party, you must sign and deliver to us our standard form of Conditional Assignment and Assumption of Lease (the "Lease Assignment"), which is attached to this disclosure document as Exhibit "E." If you (or your affiliate) purchase or own the Site, you must sign our standard form of Agreement to Lease (the "Agreement to Lease"), which is attached to this disclosure document as Exhibit "F."
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 21–25)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, the standard form of Agreement to Lease can be found as Exhibit "F" attached to the document. This agreement is relevant if the franchisee or their affiliate purchases or owns the site for the Creative World School location. The document also mentions a standard form of Conditional Assignment and Assumption of Lease, which is attached as Exhibit "E," and is applicable if the franchisee leases the site from a third party.
The Agreement to Lease is designed to protect Creative World School's rights under the Franchise Agreement. Specifically, it ensures that Creative World School has the right to possess the site and operate the school if the Franchise Agreement is terminated before its expiration. This provision is crucial for maintaining the continuity of the Creative World School brand and operations.
Furthermore, if the franchisee and the landlord are related in ownership or control, and Creative World School eventually takes over the site, any existing lease will be amended. The amended lease will match the length of the Franchise Agreement, align with commercially reasonable "triple-net" leases in the area, and reflect the site's fair market rental value. This ensures that the terms are equitable and consistent with industry standards.