When is the Casiola Relocation fee due?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee (Note 1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Interim Management Service | $500 per day plus actual costs incurred by us | As invoiced | Payable if we elect to manage the Franchised Business due to a failure by you to have the Franchised Business managed by an authorized Managing Owner or Manager. |
| Optional Owner Growth Property Commission | $1,500 per contract for properties with a total annual revenue up to $40,000; $2,500 per contract for properties with total annual revenues between $40,000 and $80,000; $3,500 per contract for properties with total annual revenue exceeding $80,000. | As invoiced | Payable if you request our optional services in signing homeowner contracts on your behalf and must be paid within 30 days of signing. |
| Relocation | $2,000 | On demand | Payable if we approve a relocation request. |
| Transfer | $10,000 | On demand | Payable if we approve your transfer request and upon signing our then current Franchise Agreement. |
| Renewal | $5,000 | On signing renewal Franchise Agreement | Payable if we approve your renewal request and upon signing our then cu |
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the Relocation fee is due 'on demand.' If a Casiola franchisee requests to relocate their franchise and Casiola approves this request, the franchisee will be responsible for paying a $2,000 relocation fee.
The term 'on demand' typically means that the fee is payable immediately when Casiola requests it, rather than on a fixed schedule. This gives Casiola some flexibility in when they require the payment.
As with other fees, Casiola may elect to directly collect the Gross Sales of your Casiola Business and pre-deduct all fees and payments due to them. Casiola may also require payment from you subject to their specification and instruction, including their election to have fees automatically drafted from your business bank account or automatically debited or charged to your business bank account.