If requested by Fly To Fit Franchise, what must a Fly To Fit franchisee do with the proposed lease?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
- 6.2 Lease. In connection with any lease between Franchisee and the landlord of the Location: (i) if requested by Fly To Fit Franchise, Franchisee must submit the proposed lease to Fly To Fit Franchise for written approval, (ii) the term of the lease (including renewal terms) must be for a period of not less than the term of this Agreement, and (iii) Franchisee shall use commercially reasonable efforts to obtain the landlord's signature to a rider to the lease in the form required by Fly To Fit Franchise.
Source: Item 22 — CONTRACTS (FDD page 44)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, if Fly To Fit Franchise requests it, a franchisee must submit the proposed lease to Fly To Fit Franchise for written approval. The lease term, including renewals, must be no less than the term of the Franchise Agreement. Additionally, the franchisee must use commercially reasonable efforts to get the landlord to sign a rider to the lease in the form required by Fly To Fit Franchise.
This requirement ensures that Fly To Fit has some control over the location of its franchises and that the lease terms are compatible with the franchise agreement. By requiring a rider to the lease, Fly To Fit can protect its interests in the event of a dispute between the franchisee and the landlord.
It is important for prospective franchisees to understand that Fly To Fit's approval of a site does not guarantee the success of the business. The FDD explicitly states that Fly To Fit has no liability to the franchisee regarding the business's location. Therefore, franchisees should conduct their own due diligence and seek professional advice before committing to a location.