If requested by Fly To Fit Franchise, what must a 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 requested by Fly To Fit, a franchisee must submit the proposed lease for their business location to Fly To Fit for written approval. The lease term, including any renewal options, must be no less than the term of the Franchise Agreement itself. Additionally, the franchisee must use commercially reasonable efforts to get the landlord to sign a rider to the lease, using the form required by Fly To Fit.
This requirement gives Fly To Fit control over the franchisee's location and lease terms. By requiring approval of the lease, Fly To Fit can ensure that the lease terms are favorable and protect the brand's interests. The requirement that the lease term be at least as long as the Franchise Agreement ensures that the franchisee will have a location for the duration of the franchise agreement.
It is important for a prospective Fly To Fit franchisee to understand these requirements and to factor them into their site selection and lease negotiation process. Franchisees should carefully review the lease agreement and rider with an attorney to ensure that they understand their obligations. Franchisees should also be aware that Fly To Fit's approval of a site does not guarantee the success of the business, and Fly To Fit has no liability regarding the location of the business.