When is the Carvel Lease Documentation Late Fee payable?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee1, 4 | Amount | Date Due | Remarks |
|---|---|---|---|
| Lease Documentation Late Fee | $500 per month (or partial month) until delivered. | As incurred | We may charge you this fee if you fail to provide us with a signed copy of any lease or a modification, amendment, or renewal of a lease within 15 days after its execution. The fee is payable for each month or partial month after the deadline, until you provide the documentation. |
Source: Item 6 — OTHER FEES (FDD pages 31–42)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the Lease Documentation Late Fee is payable 'as incurred.' Specifically, Carvel may charge a franchisee $500 per month (or partial month) if the franchisee fails to provide a signed copy of any lease or a modification, amendment, or renewal of a lease within 15 days after its execution.
This fee is charged for each month or partial month after the 15-day deadline until the franchisee provides the required documentation to Carvel. This means that if a franchisee is even a few days late submitting the lease documents, they will be charged the full $500 for that month.
It is important for prospective Carvel franchisees to understand this fee and ensure they promptly submit all lease-related documents to avoid incurring these charges. Franchisees should establish a system for tracking lease execution dates and deadlines for submitting copies to Carvel to mitigate the risk of late fees.