As of December 31, 2024, what are the maturities of lease liabilities for Epcon Communities?

According to the 2025 FDD, Epcon Communities leases office space under a non-cancellable operating lease. The lease agreement stipulates minimum lease payments, with additional rental amounts contingent upon utilities usage and proportionate taxes, insurance, and similar costs. The FDD provides a breakdown of the maturities of these lease liabilities as of December 31, 2024.

This information is relevant for prospective franchisees as it provides insight into the fixed financial obligations Epcon Communities has undertaken. Understanding the maturity schedule of these lease liabilities can help potential franchisees assess the financial stability and long-term commitments of the franchisor. This is a standard disclosure in franchise documents, allowing for transparency regarding the franchisor's financial health.

It is important to note that the additional rental amounts are contingent upon variable costs such as utilities, taxes, and insurance. These costs can fluctuate, impacting the overall lease expenses for Epcon Communities. A prospective franchisee should consider these variable components when evaluating the financial implications of the lease liabilities. The FDD does not specify the exact amounts due in each year, but it provides a general overview of the maturity schedule.