Under the Ledgers Lease Rider, what information about the Landlord is included in Schedule 4?
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 H | Receipts | |
| 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 the 2025 Ledgers Franchise Disclosure Document, Schedule 4B contains the Lease Rider. The document does not specify what information about the landlord is included in Schedule 4 or the Lease Rider. The Lease Rider outlines the relationship and obligations between the landlord, Ledgers as the franchisor, and the franchisee as the tenant.
The Lease Rider ensures that Ledgers, as the franchisor, receives notifications of default and termination notices related to the lease. It also provides Ledgers with the option to cure any defaults or enter into a new lease if the original lease is terminated. This protects Ledgers' interest in maintaining a location for its franchise operations. The franchisee authorizes the landlord and Ledgers to communicate directly regarding the franchisee's business.
As a prospective franchisee, it would be prudent to ask Ledgers for a sample copy of the Lease Rider and Schedule 4 to fully understand the obligations and information required, including details about the landlord. Understanding the full scope of the Lease Rider is essential before signing any lease agreements.