Where can the Fly To Fit form of Rider to Lease Agreement be found?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
The following are our current specific obligations for purchases and leases:
- A. Real Estate. Your business location is subject to our approval and must meet our specifications. You must use reasonable efforts to have your landlord sign our form of Rider to Lease Agreement (attached to this disclosure document as Exhibit D).
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 19–21)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the form of Rider to Lease Agreement that Fly To Fit requires the franchisee's landlord to sign is attached to the disclosure document as Exhibit D. This requirement is part of Fly To Fit's stipulations regarding real estate, as the business location must meet their specifications and is subject to their approval.
This means that before signing a lease, prospective Fly To Fit franchisees should carefully review Exhibit D and understand the terms of the Rider to Lease Agreement. It is crucial to ensure that the landlord is willing to sign this agreement, as it is a condition for Fly To Fit's approval of the business location. Failure to secure the landlord's signature on the Rider could potentially delay or prevent the opening of the franchise.
In the franchise industry, it is common for franchisors to have specific requirements for the location of the franchise unit, including lease agreements. This ensures brand consistency and that the location meets the operational needs of the business. Fly To Fit's approach of using a Rider to Lease Agreement is a way to protect their interests and ensure that the lease terms are favorable for the franchisee's operation of the Fly To Fit studio.