When is the 'Service Charge Due at Lease Termination' payable by Canopy Lawn Care?
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 the 2025 Canopy Lawn Care FDD, the "Service Charge Due at Lease Termination" is payable at the end of the applicable Term. This applies whether the term ends due to expiration, early termination, or any other reason.
This means that when a Canopy Lawn Care franchisee's vehicle lease concludes, they are responsible for paying the service charge outlined in their lease schedule. The timing of this payment is specifically tied to the termination date of the lease, regardless of why the lease is ending.
Prospective Canopy Lawn Care franchisees should carefully review the lease schedules for their vehicles to understand the amount of this service charge and factor it into their financial planning. Understanding the terms of the vehicle lease is crucial for managing costs associated with the franchise.