Is there a grace period for rent payments for a Christian Brothers Automotive location?
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 is payable in advance and without demand on or before the 1st day of each month, commencing on the Commencement Date. The FDD states that rent payment is without a grace period, although subsection (e) may contain provisions that affect this.
For a prospective Christian Brothers Automotive franchisee, this means that rent payments are due on the first of each month. Failing to pay on time could result in penalties or a breach of the lease agreement.
It is important to review subsection (e) of the Commercial Sub-Lease Agreement to understand if there are any provisions that may affect the no grace period for rent payments.