factual

What attachment to the Itan Franchise Agreement contains the prescribed form of Lease Addendum?

Itan Franchise · 2025 FDD

Answer from 2025 FDD Document

If you lease the Premises, you must negotiate with your landlord, if necessary, to modify your lease in order to provide you with a term of at least 10 years from the Conversion Date.

You must also cause your landlord to execute our required Lease Addendum.

We may require that you complete these steps prior to execution of the Franchise Agreement and this Addendum.

At a minimum, we may require execution of the Lease Addendum as a condition to us issuing our Certificate of Conversion Completion pursuant to §5 of this Addendum.

Source: Item 23 — RECEIPT (FDD pages 44–190)

What This Means (2025 FDD)

According to Itan's 2025 Franchise Disclosure Document, if a franchisee leases their premises, they must negotiate with their landlord to modify the lease to provide a term of at least 10 years from the Conversion Date. The franchisee must also ensure their landlord executes Itan's required Lease Addendum. Itan may require the execution of the Lease Addendum as a condition to issuing a Certificate of Conversion Completion.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.