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Property Lease And Facility
PROPERTY LEASE AND FACILITY
The franchiser, [Name of the franchiser], and the franchisee, [Name of the franchisee], as set forth in their franchise agreement on [Date of the agreement] and as witnessed by [Name of the witness], 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 [Amount to approve] 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.
Franchiser must:[Construction guidelines]
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: [Terms and conditions]
Franchiser Dated
Franchisee Dated
Witness Dated
Witness Dated