What late payment fees may AT&T charge Even Hotels for overdue payments?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
AT&T may charge late payment fees at the lower of (a) 1.5% per month (18% per annum), or (b) the maximum rate allowed by law for overdue payments.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, AT&T may charge late payment fees on overdue payments. The late fee will be the lower of either 1.5% per month (which equates to 18% per year) or the maximum rate legally allowed for overdue payments in the relevant jurisdiction.
This means that if an Even Hotels franchisee is late on payments to AT&T, they will incur interest charges. The specific amount will depend on the outstanding balance and the prevailing legal limits on interest rates. Franchisees should be aware of these potential charges and ensure timely payments to avoid them.
It is important for prospective Even Hotels franchisees to understand the payment terms and potential penalties for late payments to AT&T, as these costs can impact their operating expenses and profitability. Franchisees should clarify with AT&T and Even Hotels any specific state or local laws that may affect the maximum allowable late payment fees.