What is the Floyds 99 franchisee required to obtain from the landlord regarding the lease addendum?

According to the 2025 Floyds 99 Franchise Disclosure Document, a franchisee must obtain the landlord's consent to the terms of Floyds 99's standard Lease Addendum. Alternatively, the franchisee can incorporate Floyds 99's required terms into the lease itself or secure the landlord's consent to Floyds 99's standard lease form, depending on what is applicable.

This requirement ensures that Floyds 99 has certain protections and rights related to the leased property. These protections can include the ability to access the premises to protect their trademarks and operational methods, the option to assume the lease under certain conditions, and the right to receive notice of any defaults by the franchisee. These stipulations are designed to safeguard Floyds 99's interests and maintain uniformity across all franchise locations.

Securing landlord consent can sometimes be a challenging part of the site selection process. Landlords may be hesitant to agree to all the terms in Floyds 99's standard Lease Addendum or lease form. Franchisees should factor in the time and effort required to negotiate these terms with the landlord. Floyds 99 also requires prior written approval before executing any lease, including all lease amendments, for the Franchised Location.

Prospective franchisees should carefully review Floyds 99's standard Lease Addendum and understand the implications of each clause. They should also discuss with Floyds 99 the flexibility they have in negotiating these terms with landlords. Understanding these requirements upfront can help ensure a smoother lease negotiation process and avoid potential conflicts down the road.