Does Kitchen Solvers assuming the lease extend the term of the lease?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
Nothing in this Paragraph 2.3 shall serve to extend the term of the Lease or provide Franchisor with occupancy rights, options to renew or other rights not expressly set forth to Tenant in the Lease.
Source: Item 22 — Contracts (FDD page 49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, if Kitchen Solvers assumes a lease, it does not extend the term of the lease or provide Kitchen Solvers with occupancy rights, options to renew, or other rights not expressly set forth to the tenant in the lease.
Specifically, the FDD outlines the conditions under which Kitchen Solvers can assume a lease if a franchisee faces an 'Assignment Event,' such as a default or the desire to terminate the lease. In such cases, Kitchen Solvers has the option to either assume the lease themselves or assign it to an affiliate or approved franchisee.
However, the document explicitly states that even if Kitchen Solvers or its franchisee assumes the obligations of the tenant under the lease, this assumption does not extend the original term of the lease or grant any additional rights beyond what was initially provided to the franchisee. This means that a Kitchen Solvers franchisee should not expect any extension or modification of the lease terms simply because Kitchen Solvers takes over the lease.