For a Southern Steer franchise, what is required for any amendment or variation of the terms of the Lease or the Addendum to be valid?

According to the 2025 Southern Steer Franchise Disclosure Document, any amendment or variation to the terms of the lease or its addendum must be documented in writing and signed by all parties involved to be considered valid. This requirement ensures that all changes are formally agreed upon and legally binding, protecting the interests of both the lessor and the lessee.

For a prospective Southern Steer franchisee, this means that any negotiation or alteration to the standard lease agreement must be carefully documented. Verbal agreements or informal understandings will not suffice. It is crucial to ensure that all modifications are put in writing and properly signed by all relevant parties, including the landlord and the franchisee, to avoid potential disputes or misunderstandings in the future.

This requirement is a standard practice in franchising and real estate to maintain clarity and enforceability of contractual terms. Southern Steer franchisees should pay close attention to this clause when finalizing their lease agreements to ensure compliance and protect their investment.