factual

What document is the Southern Steer Addendum to Lease attached to, and what information does that document contain?

Southern_Steer Franchise · 2025 FDD

Answer from 2025 FDD Document

Lease or the Franchise Agreement, Lessor will cooperate with and assist Franchisor in securing possession of the Premises and if Franchisor does not elect to take an assignment of the Lessee's interest, Lessor will allow Franchisor to enter the Premises, without being guilty of trespass and without incurring any liability to Lessor, to remove all signs and all other items identifying the Premises as a Franchised Southern Steer Business and to make other modifications (such as repainting) as are reasonably necessary to protect the "Southern Steer Butcher" marks and system, and to distinguish the Premises from a Franchised Southern Steer Business. In the event Franchisor exercises its option to purchase assets of Lessee, Lessor will permit Franchisor to remove all the assets being purchased by Franchisor.

5. Consideration; No Liability.

  • (a) Lessor hereby acknowledges that the provisions of this Addendum to Lease are required pursuant to the Franchise Agreement under which Lessee plans to operate its Franchised Southern Steer Business and Lessee would not lease the Premises without this Addendum. Lessor also hereby consents to the Collateral Assignment of Lease from Lessee to Franchisor as evidenced by Attachment G-1.
  • (b) Lessor further acknowledges that Lessee is not an agent or employee of Franchisor and Lessee has no authority or power to act for, or to create any liability on behalf of, or to in any way bind Franchisor or any affiliate of Franchisor, and that Lessor has entered into this Addendum to Lease with full understanding that it creates no duties, obligations or liabilities of or against Franchisor or any affiliate of Franchisor.
      1. No Radius Clause. The radius restriction set forth in the Lease is hereby deleted.
      1. No Relocation Clause. Any relocation clause found in the Lease is hereby deleted.
    1. Removal of Trade Dress/Personal Property. Lessor will permit Lessee 15 days from the termination or expiration of the Lease to remove Lessee's property. Lessor will permit Lessee to remove its trade dress within 15 days after the termination or expiration of the Lease or within 15 days after Lessee has received proper notice from Lessor of the termination or expiration pursuant to Section __ of the Lease, whichever later occurs.
    1. Alterations.

Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)

What This Means (2025 FDD)

According to the 2025 Southern Steer Franchise Disclosure Document, the Addendum to Lease is related to the lease agreement between the franchisee (Lessee) and the landlord (Lessor) for the premises from which the Southern Steer Business will operate. Attachment G in Item 22 lists the Southern Steer Franchising International, LLC Form of Lease Addendum.

The Addendum to Lease outlines several key agreements between the Lessor and Lessee. The Lessor acknowledges that the provisions within the Addendum are required by the Franchise Agreement, and the Lessee would not lease the premises without it. The Lessor also consents to the Collateral Assignment of Lease from the Lessee to the Franchisor, as evidenced by Attachment G-1. Additionally, the Lessor acknowledges that the Lessee is not an agent or employee of Southern Steer and has no authority to bind Southern Steer in any way.

Several clauses within the original lease are modified or removed by the Addendum. Any radius restrictions are deleted, allowing the franchisee to operate without geographical limitations imposed by the lease. Any relocation clauses are also deleted, preventing the landlord from forcing the Southern Steer franchisee to move locations within the property. The Lessor must allow the Lessee 15 days to remove trade dress and personal property after the lease terminates. The Lessor's consent is not required for non-structural or non-mechanical alterations to the premises. Finally, Southern Steer is named as a third-party beneficiary to the lease and addendum.

These provisions protect the interests of both the franchisee and Southern Steer by ensuring that the lease terms align with the requirements of the Franchise Agreement and that Southern Steer has certain rights related to the leased premises. Prospective franchisees should carefully review the Lease Addendum to understand their rights and obligations related to the leased property.

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.