What is the length of each renewal term for a Floors To Go membership?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.1.
Duration/Renewal.
Our relationship will begin on the date this Agreement is signed by you and us and will continue for a period of five (5) years (the "Original Term").
You will also have the right to renew your FTG membership for successive terms of five (5) years.
- 2.2.
Conditions to Renewal.
If you would like to renew your FTG membership for a successive term of five (5) years and you meet the conditions contained in this Section 2.2, you must provide us with written notice, by registered or certified mail, of your exercise of each option, not less than sixty (60) days prior to the expiration of your membership (each a "Renewal Term").
If you do not provide us with such notice and a renewal fee as set forth in Section 6.6, this Agreement will continue on a month-to-month basis until we either (i) send you notice of termination, or (ii) we agree to renew the Agreement pursuant to the terms provided herein, whichever occurs first.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the initial term for a Floors To Go membership is five years. A franchisee has the option to renew their membership for additional terms, each lasting five years. These subsequent periods are referred to as "Renewal Terms."
To renew, the franchisee must provide Floors To Go with written notice of their intent to renew at least 60 days before the current term expires. This notice must be sent via registered or certified mail. Additionally, the franchisee must pay the renewal fee as outlined in Section 6.6 of the agreement.
If a franchisee fails to provide timely notice or pay the renewal fee, the agreement will continue on a month-to-month basis. During this period, Floors To Go can either send a notice of termination or agree to renew the agreement under the existing terms. The option to renew is contingent upon the franchisee not being in default of any material term or condition, executing the then-current FTG System membership agreement, and paying the applicable renewal fee.