Brumbys Leasing 101Explanation + Resources

Agenda1. Lease Renewals2. Property Management3. Resource Centre

1. Lease Renewals Process

• Leasing Opens the Renewal Process with R1 call twelve (12) months from lease expiry

• ‘R1 Letter’ – Includes Letter of Intention + Renewal Fees (as per previous FA)

• R1 Negotiations Begins – Franchisee Approval Meetings

• ‘R1 Letter of Intention’ allows us to Secure the Lease

Lease Renewals OutcomeSECURE THE

LEASEExercise of Optionor

Lease Renewal

Lease Renewals Outcome

Q & A

Property Management

1. Follow Up Franchisee2. Landlord Arrears

Payment Plan3. Breach Notice – Case

escalated through operations

Arrears

1. Complete the ‘Site Assessment Form’

“If this franchisee will be

considered for fee relief, they will be considered for a rent

abatement”

Rent Abatements

• Take the store back to bare shell, unless instructed otherwise by landlord or franchisor

De-Fit

• Remove all RFG signage as per RFG requirements. Must comply before RFG acknowledge de-badge.

De-Badge

All requests relating to the entirety of the premises or centre must first be requested by Franchisee/BDM at Centre Management level.

Any request that may place the leasing entity in harms way or cause friction with the landlord is to be raised to you Territory Manager and escalated to leasing.

Landlord Requests

Lease Renewals Outcome

Q & A

The Resource Centre• Leasing FAQ’s for Franchising.doc

• R1 Letter Template.xls

• Site Assessment Template.xls

• L.A.P.P Video Explanation

• Prospective Site Summary

Leasing Role In Summary1. Opening Renewals2. Empowering the

Franchisee3. Securing the Lease