What happens if I do not sign my lease by the deadline for my Degree Wellness Studio?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
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- If we require, approve the terms of the lease for the premises of your Studio (Franchise Agreement – Section 3.1). You must lease the premises for the Studio within 180 days after signing the Franchise Agreement. We may terminate your Franchise Agreement if you do not sign your lease by this deadline. Generally, we do not own premises that are leased to Studios. Your lease must include the provisions required by the Franchise Agreement, or you must obtain our express written approval as to any variations or exclusions of such provisions in your lease.
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 32–42)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, you must lease the premises for your studio within 180 days of signing the Franchise Agreement. If you fail to meet this deadline, Degree Wellness has the right to terminate your Franchise Agreement.
Degree Wellness generally does not own the premises leased to franchisees. The lease agreement must include specific provisions required by the Franchise Agreement. If there are any variations or exclusions to these required provisions, you must obtain express written approval from Degree Wellness.
Failing to secure a lease within the stipulated timeframe can lead to the termination of your franchise agreement, so it is crucial to adhere to the 180-day deadline and ensure the lease terms align with Degree Wellness's requirements.