What section concerning lease assignment is deleted in the California addendum for Deka Lash?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
Exhibit F-1: That portion of Exhibit F-1 concerning a Franchisor Addendum and Conditional Assignment of Lease is hereby deleted.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, the California addendum includes the deletion of a specific section related to lease assignments. Specifically, that portion of Exhibit F-1 concerning a Franchisor Addendum and Conditional Assignment of Lease is deleted.
This deletion indicates that the standard terms regarding the franchisor's addendum and conditional assignment of lease, typically found in Exhibit F-1, do not apply to Deka Lash franchisees in California. This could mean that the lease assignment process or the conditions under which Deka Lash can assume a franchisee's lease are handled differently in California compared to other states.
Prospective franchisees in California should pay close attention to this modification and seek clarification from Deka Lash regarding the specific implications for their lease agreements. Understanding the lease assignment terms is crucial, as it affects the franchisee's rights and obligations concerning the business location and the franchisor's ability to take over the lease under certain circumstances.