What must a Dollar Rent A Car franchisee include in the Notice of Transfer to Dollar Rent A Car?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
nd and monthly financial statements of Your Franchised Business certified as correct by You; and
- (h) Such additional information and documents as We shall request, including additional business, financial or tax return information regarding the proposed transfer, the transferee, You, or Your Franchised Business.
All applicable information above shall also be provided with respect to each principal of the corporation and/or each partner, owner, manager or member. The Notice of Transfer shall be effective on the date We shall have actually received, to Our satisfaction, any and all of the materials and information set forth in this Section 21.3 including any additional information and documents subsequently requested by Us hereunder (the "Notice Effective Date"). Any amendment, addendum or other modification to the Acquisition Agreement executed after the Notice Effective Date, or any additional exhibit, schedule, agreement, document or other instrument attached or to be attached to the Acquisition Agreement, delivered to Us after the Notice Effective Date, shall automatically extend and modify the Notice Effective Date to the date upon which We receive the amendment, addendum or other modification, or any additional schedule, agreement, document or other instrument. We will have sixty (60) days beginning on the first (1st) business day following the Notice Effective Date, as it may be automatically extended and modified, to approve or disapprove the proposed Transfer discussed below in Section 21.4, and to exercise Our right of first refusal as provided in Section 22;
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
According to the 2025 Dollar Rent A Car Franchise Disclosure Document, a franchisee considering a transfer must provide a Notice of Transfer to Dollar Rent A Car that includes all applicable information regarding the principal of the corporation, each partner, owner, manager, or member. The Notice of Transfer becomes effective when Dollar Rent A Car receives all required materials and information to their satisfaction, including any additional information or documents requested. This date is referred to as the "Notice Effective Date."
Any modifications to the Acquisition Agreement after the Notice Effective Date, such as amendments or additional documents, will automatically extend and modify the Notice Effective Date to the date Dollar Rent A Car receives these changes. Dollar Rent A Car then has sixty days, starting from the first business day following the Notice Effective Date (as it may be extended), to either approve or disapprove the proposed transfer.
However, Dollar Rent A Car can extend this review period by an additional thirty days with written notice to the franchisee before the initial sixty-day period expires. This extended period allows Dollar Rent A Car to thoroughly evaluate the proposed transfer and exercise their right of first refusal if they choose.
This process ensures that Dollar Rent A Car maintains control over who becomes a franchisee and that all necessary information is provided for a comprehensive review of the proposed transfer.