Where are rent payments for a Christian Brothers Automotive franchise to be sent?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
Rent is payable in advance and without demand at 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, without a grace period (subject, however, to the provisions of subsection (e), below).
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to the 2025 Christian Brothers Automotive Franchise Disclosure Document, rent payments are to be made in advance and without demand at the Lessor's offices, which are located at 17725 Katy Freeway, Houston, Texas 77094. These payments are due on or before the 1st day of each month, commencing on the Commencement Date, without any grace period. However, this is subject to the provisions of subsection (e).
The monthly rent for a Christian Brothers Automotive franchise during the first year of the lease will be between $22,000 and $36,000. The exact amount will be specified by the Lessor in the Lease Term Letter. Each subsequent year, the rent will increase by one and one-half percent of the previous year's rent.
For a prospective Christian Brothers Automotive franchisee, it is crucial to note the specific amount due in the Lease Term Letter and to ensure timely payments to avoid any penalties or lease violations. Understanding the annual rent increase calculation is also important for financial planning. Franchisees should also clarify the provisions in subsection (e) to fully understand the payment terms.