Is there a Rider to Lease Agreement included with the Endless Summer Sweets Franchise Agreement?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT 6 TO THE ENDLESS SUMMER SWEETS FRANCHISE AGREEMENT
RIDER TO LEASE AGREEMENT
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
Yes, according to the 2024 Endless Summer Sweets Franchise Disclosure Document, a Rider to Lease Agreement is included as Exhibit 6 to the Endless Summer Sweets Franchise Agreement. This indicates that the lease agreement between the franchisee (tenant) and the landlord has an addendum that involves Endless Summer Sweets as the franchisor.
Several provisions within the Rider to Lease Agreement outline the relationship and responsibilities of the landlord, tenant (franchisee), and franchisor. For instance, the landlord is required to provide Endless Summer Sweets with copies of any default notices issued to the tenant and allows Endless Summer Sweets the option to cure the default if the tenant fails to do so. Additionally, the landlord must notify Endless Summer Sweets of any lease termination, granting Endless Summer Sweets the option to enter into a new lease under the same terms if the original lease is terminated due to the tenant's default.
Furthermore, the Rider to Lease Agreement addresses assignment and subletting, allowing the tenant to assign or sublet the lease to Endless Summer Sweets without relieving the tenant of liability. If Endless Summer Sweets becomes the lessee, they have the right to assign or sublease the premises to another Endless Summer Sweets franchisee. The rider also ensures that any lease provisions limiting the tenant's ability to operate other Endless Summer Sweets outlets in proximity do not apply to the franchisor. This coordinated approach helps protect the Endless Summer Sweets brand and provides the franchisor with options to maintain a location's operation in case of franchisee issues.