What is the Late Fee for overdue payments to City Publications?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Late Fees | $100 per occurrence, plus interest on overdue amount at highest applicable legal rate, not to exceed 1.5% per month | With late payment | Applies to all Royalty Fee or other fee payments, postage expenses and other amounts due us or our Affiliate (Section 4.K) Note that the maximum interest rate in California is 10% annually. |
Source: Item 6 — OTHER FEES (FDD pages 10–13)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, a franchisee will incur late fees for overdue payments. These late fees are $100 per occurrence. In addition to the $100 fee, City Publications will also charge interest on the overdue amount. This interest will be calculated at the highest applicable legal rate, but it will not exceed 1.5% per month.
This late fee applies to all Royalty Fee or other fee payments, postage expenses, and other amounts due to City Publications or its affiliate. It is important to note that the maximum interest rate may vary by state; for example, in California, the maximum interest rate is 10% annually.
For a prospective City Publications franchisee, this means that timely payments are crucial to avoid these additional costs. Franchisees should ensure they understand the due dates for all fees and expenses to prevent incurring late fees and interest charges, which can impact their profitability.