factual

What two conditions must be met before the Franchisee signs the lease for a Southern Steer franchise?

Southern_Steer Franchise · 2025 FDD

Answer from 2025 FDD Document

The Franchisee will not sign the Lease until (a) this Agreement has been signed by both the Franchisee and the Franchisor; and (b) the Lease contains the terms required under this Section and the terms set forth in the Form of Lease Addendum attached to this Agreement as Attachment F.

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

What This Means (2025 FDD)

According to the 2025 Southern Steer Franchise Disclosure Document, a franchisee must meet two specific conditions before signing a lease for their franchise location. First, both the franchisee and Southern Steer must sign the Franchise Agreement. This ensures that both parties are committed to the franchise relationship before the franchisee incurs lease obligations. Second, the lease must contain the terms required within the agreement and those outlined in the Form of Lease Addendum, which is Attachment F of the Franchise Agreement. This protects Southern Steer's interests by ensuring the lease aligns with their operational and brand standards.

These stipulations are in place to protect both the franchisee and Southern Steer. By requiring the Franchise Agreement to be signed first, the franchisee is assured that they are an approved franchisee before entering into a lease. By mandating specific terms in the lease, Southern Steer ensures that the location is suitable for their business model and that their brand is protected.

A prospective Southern Steer franchisee should carefully review Attachment F and ensure that all required terms are included in the lease agreement. They should also confirm that the Franchise Agreement is fully executed before signing any lease to avoid potential legal or financial complications. Paying close attention to these details can help ensure a smooth and successful launch of their Southern Steer franchise.

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.