Does the tenant have the right to assign or sublet the lease to Fly To Fit?

According to Fly To Fit's 2024 Franchise Disclosure Document, the tenant, who is the franchisee, does have the right to assign or sublet the lease to Fly To Fit. However, the franchisee remains liable under the lease even after the assignment or sublease. This means that if Fly To Fit, as the new lessee, defaults on the lease, the original franchisee could still be held responsible for the financial obligations.

Furthermore, if Fly To Fit becomes the lessee, it has the right to assign or sublease the lease to another Fly To Fit franchisee. This provides Fly To Fit with flexibility in managing its franchise network and allows for the potential transfer of locations between franchisees. Any provision in the lease that limits the tenant's right to own or operate other Fly To Fit outlets in proximity to the leased premises does not apply to Fly To Fit itself.

This arrangement benefits Fly To Fit by giving it control over the location if a franchisee exits the system. It also protects the landlord by ensuring continued operation of a Fly To Fit business at the location. For the franchisee, it offers an exit strategy, although they remain liable unless the landlord agrees otherwise. Prospective franchisees should carefully review the lease agreement and understand their obligations even after assigning or subletting the lease to Fly To Fit.