What must a Deka Lash franchisee obtain before signing a lease or making a binding commitment for a location?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
- (d) Lease. Before you sign a lease, sublet a space, purchase space or make any binding commitment to do so, we must approve, in writing your proposed location.
You will deliver to us a true copy of the lease and any additions or amendments to it promptly after they are executed.
Any lease or sublease of the Franchise Premises will contain the Franchisor Addendum, Conditional Assignment of Lease attached in Exhibit F-1 or will otherwise include an assignment of the lease in a form we approve.
- (e) Relocation Review. You must obtain our approval if you wish to relocate.
We will evaluate locations you propose to us to relocate your studio.
You must submit to us a site selection proposal containing reasonable items required by us to evaluate the site.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, before a franchisee signs a lease, sublets a space, purchases a space, or makes any binding commitment to do so, they must obtain written approval of the proposed location from Deka Lash.
Following the execution of the lease, the franchisee is required to promptly provide Deka Lash with a true copy of the lease, including any additions or amendments. The lease or sublease for the franchise premises must contain the Franchisor Addendum and Conditional Assignment of Lease, which is included as Exhibit F-1 in the FDD, or it must include an assignment of the lease in a form approved by Deka Lash.
Additionally, if a franchisee wishes to relocate their Deka Lash studio, they must also obtain approval from Deka Lash. To initiate the relocation review process, the franchisee must submit a site selection proposal that includes all items reasonably required by Deka Lash to evaluate the proposed new site.