If I lease a site for my Southern Steer Business, what documents related to the lease must I submit to Southern Steer?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
If You intend to lease a Site for Your Southern Steer Business, You will submit a copy of the proposed lease to Us. We will review the proposed lease for the Site only to determine if the lease complies with the terms of the Franchise Agreement and substantially includes the terms in the Addendum to Lease, which is Attachment G to the Franchise Agreement. You must also sign a Collateral Assignment of Lease, which is Attachment F to the Franchise Agreement. Our review of Your proposed lease will not constitute any business, economic, legal, or real estate advice or analysis.
We can terminate the Franchise Agreement if You fail to provide the Site Information and lease a Site, approved by Us, for Your Southern Steer Business within 90 days after the date of the Franchise Agreement.
Source: Item 11 — ITEM. 11 FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 26–35)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, if you intend to lease a site for your Southern Steer Business, you must submit a copy of the proposed lease to Southern Steer. Southern Steer will review the proposed lease to determine if it complies with the terms of the Franchise Agreement and substantially includes the terms in the Addendum to Lease, which is Attachment G to the Franchise Agreement.
In addition to the lease itself, you must also sign a Collateral Assignment of Lease, which is Attachment F to the Franchise Agreement. This document legally assigns the lease to Southern Steer under certain conditions, providing them with additional security and control over the location of the franchise.
It is important to note that Southern Steer's review of your proposed lease does not constitute any business, economic, legal, or real estate advice or analysis. It is your responsibility to ensure the lease terms are favorable and protect your interests. Furthermore, failing to provide the Site Information and lease a Site, approved by Southern Steer, within 90 days after the date of the Franchise Agreement could lead to termination of the agreement.