Does Petro Stopping Center require franchisees to pay a Leasing Review Fee?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
You must pay us the Leasing Review Fee set forth in Section 9.6 and reimburse us for such other reasonable legal fees we incur in connection with our review and negotiation of the Lease and related agreements and documentation.
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to the 2025 Petro Stopping Center FDD, franchisees are required to pay a Leasing Review Fee. Specifically, the FDD states that franchisees "must pay us the Leasing Review Fee set forth in Section 9.6 and reimburse us for such other reasonable legal fees we incur in connection with our review and negotiation of the Lease and related agreements and documentation."
This means that in addition to negotiating the lease terms themselves, prospective Petro Stopping Center franchisees must also budget for this Leasing Review Fee and any associated legal fees charged by Petro Stopping Center. The exact amount of the Leasing Review Fee is detailed in Section 9.6 of the FDD, which is not provided in the excerpt.
It is important for potential franchisees to understand that Petro Stopping Center's review and approval of the lease is primarily for their own benefit and to ensure the lease aligns with the Petro System. The FDD explicitly states that this review is not a substitute for the franchisee's own careful analysis and does not guarantee the location's success or the lease terms being favorable to the franchisee. Therefore, franchisees should seek independent legal and business advice when negotiating their lease agreements.