When is Canopy Lawn Care required to pay the 'Service Charge Due at Lease Termination'?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
Lessee agrees to pay Lessor the "Service Charge Due at Lease Termination" set forth in each Schedule at the end of the applicable Term (whether by reason of expiration, early termination or otherwise).
Source: Item 23 — RECEIPT (FDD pages 55–199)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, as a lessee, you are required to pay the 'Service Charge Due at Lease Termination' set forth in each Schedule at the end of the applicable Term. This payment is due whether the term ends by reason of expiration, early termination, or any other circumstance.
This means that upon the conclusion of the lease term for any vehicle used in your Canopy Lawn Care franchise, you will be responsible for paying this service charge. The specific amount of the service charge will be detailed in the lease schedule associated with that particular vehicle.
It is important for prospective franchisees to carefully review the lease schedules for all vehicles to understand the amount and timing of this service charge, as it represents an additional cost associated with the lease. Understanding these charges is crucial for accurate financial planning and forecasting for your Canopy Lawn Care business.