What two documents must a My Salon Suite franchisee execute related to the lease?

According to My Salon Suite's 2025 Franchise Disclosure Document, franchisees must execute a Collateral Assignment of Lease and a Lease Addendum. These forms are included as Attachment E to the Franchise Agreement. These documents likely ensure that My Salon Suite has certain rights or control over the lease in the event of franchisee default or transfer of the franchise.

These lease-related documents are standard practice in franchising, especially for businesses that require a physical location. The Collateral Assignment of Lease typically allows the franchisor to step in and assume the lease if the franchisee fails to meet their obligations. The Lease Addendum may contain specific terms and conditions related to the franchise agreement, such as signage requirements or restrictions on competing businesses.

Prospective My Salon Suite franchisees should carefully review Attachment E and understand the implications of these documents before signing the Franchise Agreement. It is advisable to seek legal counsel to fully understand their rights and obligations under the lease and the franchise agreement.