factual

Does Petro Stopping Center require approval of the lease before it is signed?

Petro_Stopping_Center Franchise · 2025 FDD

Answer from 2025 FDD Document

te for a Petro Center or for any other purpose; and

  • (b) our recommendation or approval of the Protected Area (if any) or Site indicates only that we believe that the Protected Area (if any) or Site falls within the acceptable criteria for sites and areas that we have established as of the time of our recommendation or approval of the Protected Area (if any) or Site.

4.3 Leases.

(a) Lease of Site. You must acquire premises for the Petro Center. At your option, you may lease the Site or acquire it by other means.

  • (b) Lease Approval. You must obtain our approval of the lease(s) (if any) (each a "Lease") before you sign it, or any renewal of it. You must deliver a copy of each signed Lease to us within three (3) business days after its full execution along with the fully executed Lease Assignment. Our review and approval of the Lease is solely to ensure that the Lease contains terms that we accept or require for our benefit and the Petro System; it is not a substitute for careful review and analysis by you and your advisors. Our approval of the Lease does not constitute a warranty or any assurance that the Lease contains terms and conditions for your benefit nor that the location will be successful. You agree and acknowledge that you are solely responsible for negotiating the Lease and ensuring that its terms and conditions meet your interests and objectives. You must pay us the Leasing Review Fee set forth in Section 9.6 and reimburse us for such other reasonable legal fees we incur in connection with our review and negotiation of the Lease and related agreements and documentation.
  • (c) Lease Assignment. You must not sign any Lease or renewal of a Lease unless you and the lessor and/or sublessor (if applicable) have also signed our Lease Assignment and the Memorandum of Right of First Refusal attached thereto.

Source: Item 14 — Other investments (FDD pages 131–208)

What This Means (2025 FDD)

According to Petro Stopping Center's 2025 Franchise Disclosure Document, franchisees must obtain approval of any lease, including renewals, before signing. After the lease is fully executed, a copy must be delivered to Petro Stopping Center within three business days, along with the fully executed Lease Assignment.

Petro Stopping Center's review and approval of the lease is to ensure that the lease contains terms that they accept or require for their benefit and the Petro System. However, this review does not act as a substitute for the franchisee's own careful analysis with their advisors. The approval does not constitute a warranty that the lease terms are beneficial for the franchisee or that the location will be successful.

The franchisee is solely responsible for negotiating the lease and ensuring that its terms and conditions meet their interests and objectives. The franchisee must also pay Petro Stopping Center a Leasing Review Fee and reimburse them for legal fees incurred during the review and negotiation of the lease and related documents. Furthermore, franchisees must not sign any lease or renewal unless the lessor also signs Petro Stopping Center's Lease Assignment and the Memorandum of Right of First Refusal. Failure to provide a fully executed copy of the Lease Assignment within three business days of the lease's full execution constitutes a breach of the Franchise Agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.