What specific document must be included if I lease the premises for my Crisp & Green franchise?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
We must approve of the lease, sublease, or purchase contract (which we refer to as the site acquisition document) for the premises of your Franchised Restaurant before you sign such document. If you lease the premises, the lease must contain the terms and provisions that are reasonably acceptable to us, and you and the landlord must execute the standard form of lease addendum (attached as Exhibit C to the Franchise Agreement). Within 10 days after our approval of the site acquisition document, you must send us the fully signed site acquisition document, together with the signed lease addendum, if applicable, for the premises. You may not relocate the Franchised Restaurant without our prior approval.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 26–31)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, if you lease the premises for your franchise, you and the landlord must execute the standard form of lease addendum attached as Exhibit C to the Franchise Agreement. This addendum is a required component of the lease agreement.
Crisp & Green must approve the lease, sublease, or purchase contract (referred to as the site acquisition document) before you sign it. Within 10 days of Crisp & Green's approval, you must provide the fully signed site acquisition document, along with the signed lease addendum, if applicable.
This requirement ensures that the lease terms are acceptable to Crisp & Green, protecting their interests and maintaining uniformity across all franchise locations. Failing to include the lease addendum or obtaining approval could lead to non-compliance with the franchise agreement.