In the My Salon Suite lease addendum, what parties are identified as entering into the Addendum?

According to My Salon Suite's 2025 Franchise Disclosure Document, the parties entering into the lease addendum are the Landlord, the Tenant, and Suite Management Franchising, LLC, who is referred to as the Franchisor. The lease addendum is entered into among these parties to incorporate specific provisions that protect the Franchisor's interests and grant them rights as a third-party beneficiary.

The Tenant is identified as the franchisee who has been granted the rights to operate a My Salon Suite franchised business at an approved location. The Landlord is the owner or master tenant of the approved location where the franchisee's business will be situated. The Franchisor, My Salon Suite, approves the premises as the location for the franchisee's business, contingent upon all parties agreeing to the addendum to the lease.

My Salon Suite requires this addendum to ensure that the lease includes provisions that protect its interests and provide specific rights as a third-party beneficiary. This arrangement allows My Salon Suite to maintain some control over the location and operation of the franchise, even though they are not a direct party to the lease agreement between the Landlord and Tenant. The addendum ensures that the terms of the lease align with the requirements of the franchise agreement.