What is included in the rent payable under the Sublease for a Cd One Price Cleaners franchise?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
ising cooperatives in the CD Store network.
Note 5: Rent payable under the Sublease includes (a) the base rent payable under the prime lease plus, at our affiliate's option, a lease administrative fee of up to $500 each month, (b) any percentage rent under the prime lease, and (c) all other charges payable under the prime lease, like taxes, insurance, deposits, common area maintenance of operating charges, dues and chargebacks. If our affiliate seeks to assign the prime lease to you, and the prime landlord consents to the assignment but does not release our affiliates from all liability under the prime lease, then at our affiliate's option you must pay the affiliate each month 10% of the monthly base rent due under the prime lease during the period after the assignment and while our affiliat
Source: Item 6 — Other Fees (FDD pages 13–20)
What This Means (2025 FDD)
According to the 2025 FDD, the rent payable under the Sublease for a Cd One Price Cleaners franchise includes several components. First, it covers the base rent payable under the prime lease. Additionally, at the discretion of Cd One Price Cleaners' affiliate, a lease administrative fee of up to $500 each month may be included.
Furthermore, the rent encompasses any percentage rent stipulated in the prime lease. Finally, it accounts for all other charges payable under the prime lease, such as taxes, insurance, deposits, common area maintenance or operating charges, dues, and chargebacks.
The FDD also states that if Cd One Price Cleaners' affiliate seeks to assign the prime lease to the franchisee, and the prime landlord consents but does not release the affiliate from liability, the franchisee may be required to pay the affiliate an additional amount. This additional payment would be 10% of the monthly base rent due under the prime lease, and it would be applicable during the period after the assignment while the affiliate remains liable under the prime lease, at the affiliate's option.