Is a Lease Rider included as a schedule in the Ledgers Franchise Disclosure Document?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Received | Reference | Name |
|---|---|---|
| ITEM 1-ITEM 23 | Franchise Disclosure Document | |
| EXHIBIT A | State Addendum | |
| EXHIBIT B | Franchise Agreement | |
| Schedule 1 | Territory | |
| Schedule 2 | Minimum Requirements | |
| Schedule 3 | Automatic Bank Draft Authorization | |
| Schedule 4A | Telephone Number Assignment | |
| Schedule 4B | Lease Rider | |
| Schedule 5 | Promissory Notes | |
| Schedule 6 | Release | |
| EXHIBIT C | Financial Statements | |
| EXHIBIT D | State Administrators/Agents for Service of Process | |
| EXHIBIT E-1 | List of Franchisees | |
| EXHIBIT E-2 | List of Former Franchisees | |
| EXHIBIT F | Table of Contents – | |
| Operations Manual | ||
| EXHIBIT G | State Effective Dates | |
| EXHIBIT | Receipts | |
| H | ||
| Date: | ||
| (Do not leave blank) | Signature of Prospective Franchisee | |
| Print Name |
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 Schedule 4B to the franchise agreement. This suggests that Ledgers provides a standard Lease Rider document as part of its franchise agreement.
As a prospective franchisee, it's important to review this Lease Rider carefully. While Ledgers does not require approval before entering into a lease, the franchisee is responsible for conforming to all applicable ordinances, codes, and licensing requirements. The Lease Rider may contain specific clauses or requirements that the franchisee needs to ensure are included in their lease agreement with a landlord.
It is also the franchisee's responsibility to develop the plan and layout for their office location, engage contractors, and obtain necessary permits. The Lease Rider might include provisions related to these aspects, such as outlining responsibilities for buildout, signage, and compliance with brand image standards. Therefore, understanding the Lease Rider is crucial for a Ledgers franchisee to ensure they meet all obligations related to their office space.