Does the Remax Headquarters Lease include renewal options for the lessees in the six sublease agreements?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
Many of the Company's lessee agreements include options to extend the lease, which is not included in the minimum lease terms unless they are reasonably certain to be exercised.
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
The 2025 Remax Franchise Disclosure Document discusses lease agreements, but it does not specify whether the six sublease agreements for the Remax headquarters include renewal options for the lessees.
However, the document does state that "Many of the Company's lessee agreements include options to extend the lease, which is not included in the minimum lease terms unless they are reasonably certain to be exercised." This suggests that Remax's standard lease agreements may contain renewal options, but whether these options were included in the specific sublease agreements is not confirmed.
A prospective Remax franchisee should ask the franchisor directly whether the sublease agreements contain renewal options and under what conditions these options can be exercised. This information is crucial for understanding the long-term stability and potential costs associated with leasing space from Remax.