How often is the rent due for the Atwell Suites dispensing equipment?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
RENT FOR THE EQUIPMENT.
All equipment leased to Customer will be leased at an annual rate calculated by multiplying the total installed cost of equipment by the then-current lease factor, plus all applicable sales and use taxes, if any, as rent for the Equipment.
Rent will be due monthly.
At Company's discretion, Company may utilize funds due Customer to offset amounts due Company under this Lease.
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to the 2025 FDD, the rent for dispensing equipment at Atwell Suites is due monthly. The annual rate is calculated by multiplying the total installed cost of the equipment by the then-current lease factor, plus any applicable sales and use taxes. Atwell Suites, at its discretion, can use funds due to the franchisee to offset the equipment lease amounts.
If a franchisee fails to pay the rent or any other amount required by the lease within 10 days of the due date, Atwell Suites will charge a late fee. This late charge is equal to 5% per month of the overdue payment, or a lesser amount if required by applicable law.
In states where a lease without additional charges is not permitted, or if the franchisee elects to lease additional dispensers, these dispensers will be leased at an annual rate. This rate is calculated by multiplying the total installed cost of the additional dispensers by the then-current lease factor, which is currently 0.24. If the lease factor changes during the term, any dispenser installed after the change will be subject to the new lease factor. The then-current lease factor will remain in effect even if the ownership or management of a hotel changes.