Is a Lease Rider included as part of the Ledgers FDD?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
TABLE OF CONTENTS
- Scope 2 2. 3. Duties of Franchisor 4. anchisee 5. Property 6. ity 7. Transfer .15 8. Termination .17 9. Dispute Res olution .20 10. General .22 Schedu les Ç, Schedule 1 Schedule 2 Territory Automatic Bank Draft Authorization Ç, Schedule 3 Schedule 4 Schedule 5 Schedule 6 Telephone Number Assignment Lease Rider Release State Addenda to the Franchise Agreement
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, a Lease Rider is included as part of the Franchise Agreement. Specifically, the table of contents for the Franchise Agreement lists 'Lease Rider' as one of the schedules (Schedule 5) attached to the agreement.
This Lease Rider likely contains specific terms and conditions related to leasing a location for the Ledgers franchise. It may outline the responsibilities of the franchisee (tenant), the franchisor, and the landlord. The document further states that if a franchisee defaults on their lease, Ledgers has the option to cure the default within 10 days after the period in which the franchisee can cure the default.
Furthermore, if the lease is terminated due to the franchisee's default, Ledgers has the option to enter into a new lease with the landlord under the same terms. If the Franchise Agreement is terminated, the franchisee must assign the lease to Ledgers upon written request, subject to the landlord's approval. This indicates that Ledgers maintains some control and involvement in the leasing arrangements of its franchisees, which could provide some security for both the franchisee and the franchisor.
Prospective franchisees should carefully review the Lease Rider and understand all of its terms and conditions before signing the Franchise Agreement. They should also seek legal counsel to ensure they fully understand their obligations and rights under the lease and the Franchise Agreement.