factual
When is the monthly rent due for the Aira Fitness Pod Lease?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
- (b) The Equipment is and shall at all times be and remain the sole and exclusive personal property of Franchisor's Affiliate, and notwithstanding any trade-in or down payment by Franchisee or on its behalf with respect to the Equipment, Franchisee shall have no right, title or interest therein or thereto except as to the use thereof subject to the terms or conditions of this Lease.
- 3. Term and Rent; Purchase Option. Franchisee shall pay as monthly rent for use of the Equipment the amount described in Paragraph 1(h) above on the 1st day of each month following the Commencement Date. If any rental shall be unpaid for more than five (5) days after the
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, monthly rent for the equipment lease is due on the 1st day of each month following the Commencement Date. The Commencement Date is defined as the date the Pod is delivered.
If the franchisee fails to pay the rent within five days of the due date, Aira Fitness will charge a late fee. This late fee will be the greater of $100 or 18% of the unpaid amount. However, the late fee will not exceed the maximum lawful charges.
The FDD emphasizes that timely payment of rent is critical, stating, "TIME IS OF THE ESSENCE FOR THE PAYMENT OF RENT UNDER THIS PROVISION."
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.