What is the monthly charge for the Lease Documentation Late Fee for Moes Southwest Grill?
Moes_Southwest_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
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5.4 Site Acquisition.
- A. Acceptance and Execution of Site Agreement. You must deliver a copy of the signed lease, sublease, or other rental agreement for the location (the "Lease") or purchase agreement for the location (the "Purchase Agreement" and, collecti
Source: Item 22 — Contracts (FDD page 92)
What This Means (2025 FDD)
According to Moe's Southwest Grill's 2025 Franchise Disclosure Document, if a franchisee fails to provide the signed lease, sublease, or rental agreement (referred to as the "Lease") or purchase agreement (referred to as the "Purchase Agreement," and together with the Lease, the "Site Agreement") within 15 days of its execution, Moe's Southwest Grill may charge a Lease Documentation Late Fee.
The Lease Documentation Late Fee is $500 per month (or partial month). This fee accrues from the date the Site Agreement was due until the date it is actually delivered.
For a prospective Moe's Southwest Grill franchisee, this means that diligently meeting the deadline for submitting the Site Agreement is crucial to avoid incurring this monthly fee. Failing to submit the required documents on time can result in an additional $500 charge for every month (or part of a month) of delay, which can quickly add up and impact the franchisee's initial costs.