What information is provided in Exhibit H of the Desi District FDD?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Use. Tenant is a franchisee of Franchisor. The Leased Premises shall be used only for the operation of a Desi District business (or any name authorized by Franchisor).
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- Notice of Default
Source: Item 23 — RECEIPTS (FDD pages 52–140)
What This Means (2024 FDD)
Based on the 2024 Desi District Franchise Disclosure Document, Exhibit H contains a sample form of lease agreement.
The lease agreement outlines the terms between the landlord and the Desi District franchisee, specifying that the premises will be used solely for operating a Desi District business. It includes a clause requiring the landlord to notify the franchisor, Desi District Franchise Group, of any default by the tenant (the franchisee) under the lease. This notification allows Desi District Franchise Group to potentially cure the default and protect their brand and the franchisee's operation.
Additionally, the lease agreement stipulates that the franchisee must maintain insurance coverage and name Desi District Franchise Group as an additional insured. This protects the franchisor from potential liabilities related to the franchisee's operation of the Desi District business at the leased premises. The lease also addresses compliance with laws and regulations, ensuring the franchisee operates the business in accordance with all applicable legal requirements.