Under what condition will Epcon Communities sign a partial mortgage release for a unit?

According to Epcon Communities' 2025 Franchise Disclosure Document, Epcon Communities will sign a partial mortgage release or security interest release for a unit if the franchisee pays the Point of Closing Royalty Payment for that unit and requests the release. The franchisee is responsible for covering the expenses associated with this release.

This condition means that an Epcon Communities franchisee needs to ensure they have paid all required royalties at the point of closing on a unit sale. Only after this payment is made will Epcon Communities provide the necessary documentation to release the mortgage or security interest on that specific unit. This is a standard practice in real estate transactions, where a lien release is provided once the associated debt is settled.

For a prospective franchisee, this highlights the importance of managing royalty payments diligently. Failure to pay the Point of Closing Royalty Payment will not only delay the release of the mortgage but could also potentially complicate the sale of the unit. Franchisees should factor in these royalty payments into their financial planning to avoid any disruptions in their project timelines.