From which date is the additional pro rata rent calculated for a Basecamp Fitness franchise?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Customer agrees that Customer owes Owner additional pro rata rent calculated as one-thirtieth (1/30h) of the monthly rental amount per day from the earlier of the date of Equipment delivery or the date of advanced funding to Supplier until the Rent Commencement Date and the Agreement begins. Provided no events of default have occurred, Owner will allow Customer to pay off the Agreement early for an amount equal to the sum of all remaining unpaid rental payments, discounted to a net present value at a rate up to five percent (5%), plus the purchase option price.
monthly rental amount per day from the earlier of the date of Equipment delivery or the date of advanced funding to Supplier until the Kent Commencement Date and the Agreement begins.
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, franchisees may owe additional pro rata rent. This additional rent is calculated daily, as one-thirtieth (1/30th) of the monthly rental amount for each day.
The calculation period starts from whichever date is earlier: either the date the equipment is delivered to the franchisee, or the date the supplier receives advanced funding. This calculation continues until the Rent Commencement Date, at which point the standard rental agreement begins.
This pro rata rent covers the period between equipment delivery/funding and the official start of the lease. Basecamp Fitness franchisees should factor this potential cost into their initial budget and be aware of the equipment delivery and funding timelines to accurately estimate this expense. Franchisees also have the option to pay off the agreement early, which would equal the sum of all remaining unpaid rental payments, discounted to a net present value at a rate up to five percent (5%), plus the purchase option price, provided no events of default have occurred.