What is the maturity date for the Better Homes And Gardens Real Estate receipts?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| MAKER: | ___________________________ |
|---|---|
| CO-MAKER(S): | ___________________________ |
| HOLDER: | BETTER HOMES AND GARDENS REAL ESTATE LLC |
| PLACE FOR PAYMENT: | 175 PARK AVENUE, MADISON, NJ |
| PRINCIPAL: | $__________________ |
| ANNUAL INTEREST RATE: | 0%, EXCEPT AS DESCRIBED BELOW |
| MATURITY DATE: | December 31, 20__ |
| MAKER: | ___________________________ |
| CO-MAKER(S): | ___________________________ |
| HOLDER: | BETTER HOMES AND GARDENS REAL ESTATE LLC |
| PLACE FOR PAYMENT: | 175 PARK AVENUE, MADISON, NJ |
| PRINCIPAL: | $__________________ |
| ANNUAL INTEREST RATE: | 0%, EXCEPT AS DESCRIBED BELOW |
| MATURITY DATE: | December 31, 20___ |
Source: Item 23 — RECEIPTS (FDD pages 76–362)
What This Means (2025 FDD)
According to the 2025 Better Homes And Gardens Real Estate Franchise Disclosure Document, the maturity date for the receipts is December 31, 20__. The exact year is not specified in the document but is represented by two blank spaces. The receipts also state that the annual interest rate is 0%, except as described below.
Prospective franchisees should note that the principal amount is also not specified and is represented by blank spaces. The holder for the receipts is Better Homes and Gardens Real Estate LLC, and the place for payment is 175 Park Avenue, Madison, NJ.
Given the incomplete information, it is essential for potential Better Homes And Gardens Real Estate franchisees to seek clarification from the franchisor regarding the specific maturity date and principal amount associated with these receipts. Understanding these details is crucial for assessing the financial obligations and potential risks involved in the franchise agreement.