factual

Who is identified as the 'Lessor' in the Christian Brothers Automotive Commercial Sub-lease agreement?

Christian_Brothers_Automotive Franchise · 2025 FDD

Answer from 2025 FDD Document

n. Tenant will take possession of the Premises within five days of receiving notice that the Premises are Substantially Completed (as such term is defined in the Master Lease).

5. Payment of Rent.

  • a. Tenant will pay Lessor the following amounts during the following periods: (a) $22,000- $36,000 per month for the first one year period of this Lease (the exact amount will be as Lessor notifies Tenant in the Lease Term Letter) commencing on the Commencement Date (subject to the provisions of subsection (e), below) and on the first day of each calendar month thereafter; and (b) on each one year anniversary of this Lease, the rent for the next one year period of this Lease will be established by increasing the amount of the rent that was paid for the previous one year period by one and one-half percent. For example, at the end of the first year of the Lease, the rent paid for the initial one year period will be multiplied by one hundred and one and one-half percent and the product will become the rent for the next one year period (x multiplied by 101.5% = y; where x = rent for previous one year period and y = rent for subsequent one year period); at the end of the second one year period, the rent for that period will be multiplied by one hundred and one and one-half percent and the product will become the rent for the third one year period. This process will be continued at the end of each one year period of the Lease (including all renewals and extensions) to establish the rent for the next one year period.
  • b. Rent is payable in advance and without demand at Lessor's offices located at

Source: Item 23 — RECEIPTS (FDD pages 76–372)

What This Means (2025 FDD)

According to the 2025 Christian Brothers Automotive Franchise Disclosure Document, the Tenant in the Commercial Sub-Lease agreement will pay rent to the Lessor. The document specifies that the rent will be between $22,000 and $36,000 per month for the first year of the lease. The exact amount will be determined by the Lessor and communicated to the Tenant in the Lease Term Letter.

Furthermore, the rent is subject to an annual increase of one and one-half percent. This increase will be applied on each one-year anniversary of the lease, including any renewals or extensions, to determine the rent for the subsequent year. The rent is payable in advance, without demand, at the Lessor's offices located at 17725 Katy Freeway, Houston, Texas 77094, on or before the 1st day of each month, commencing on the Commencement Date.

The 2025 FDD does not specifically identify the Lessor by name. Prospective franchisees should seek clarification from Christian Brothers Automotive regarding the identity of the Lessor to fully understand their leasing obligations and with whom they will be contracting.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.