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Franchise Property Lease & Facility
The franchiser ______________________, and the franchisee ____________________, as set forth in their franchise agreement on the ____________ day of _____________ 20 __, and as witnessed by ___________________, have agreed to the following additional terms and conditions:
Franchiser reserves the right to approve any location selected by franchisee before the onset of construction and or business, as the case may be. Lease terms are to be set as follows:
a minimum of ______________ and must transfer agreement, by lease terms, to franchiser in the cause of contract termination.
Franchiser insists only the following construction guidelines on leased property.
In the event that this franchise agreement is terminated, franchisee covenants to assign ______ (his or her or its) interest in the lease to franchiser and sell improvements to franchiser at stipulated values to be determined as follows:
*** If Required By State Law ***
This Section for Notary:
State of _________
County of ________ [COUNTY]
On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
My commission expires: _____