When is the rent due for a Christian Brothers Automotive location?

According to the 2025 Christian Brothers Automotive Franchise Disclosure Document, rent is payable in advance and without demand at the Lessor's offices located at 17725 Katy Freeway, Houston, Texas 77094. The rent is due on or before the 1st day of each month, commencing on the Commencement Date, without a grace period, although subsection (e) may provide some exceptions.

The monthly rent for the first year ranges from $22,000 to $36,000, with the exact amount specified in the Lease Term Letter provided by the Lessor. This payment schedule begins on the Commencement Date. Each subsequent year, the rent increases by one and one-half percent of the previous year's rent.

For a prospective Christian Brothers Automotive franchisee, this means budgeting for a substantial monthly rent payment that is due at the beginning of each month. The franchisee needs to be aware of the specific amount detailed in their Lease Term Letter and factor in the annual rent increase of 1.5%. The absence of a grace period means timely payments are critical to avoid potential penalties or lease violations.

It is important for franchisees to carefully review the lease agreement and any related documents to fully understand their rental obligations and the implications of late payments. Understanding the terms of subsection (e), referenced in the FDD, is also crucial to determine if any exceptions apply to the standard payment schedule.