Can Fitstop review and approve changes to the Prescribed Lease Provisions?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
- 9.3.2 You must ensure that the lease for the Premises (the "Lease") contains and integrates the provisions and covenants set forth in this Section or that we designate in the Manuals at any time prior to you securing any Premises (the "Prescribed Lease Provisions"), with said Lease subject to our review and approval with respect to any markup or negotiated changes to said provisions as part of our overall right to approve the Premises itself.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, franchisees are responsible for finding and securing a lease for their premises, which Fitstop must approve in writing. The lease must include specific provisions and covenants, referred to as "Prescribed Lease Provisions," that Fitstop designates in its manuals.
Fitstop has the right to review and approve any markups or negotiated changes to these Prescribed Lease Provisions as part of its overall approval of the premises. This means that while a franchisee is responsible for negotiating the lease terms with the landlord, Fitstop retains control over the final lease agreement to ensure it aligns with their standards.
This requirement ensures that all Fitstop franchise locations operate under consistent lease terms that protect Fitstop's interests and brand standards. Prospective franchisees should carefully review the Prescribed Lease Provisions in the Fitstop manuals and understand that any deviations from these provisions must be approved by Fitstop.