What is the timeframe within which a Remax franchisee must provide written notice of their election to renew their franchise relationship?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
(6) You have given us written notice of your election to renew your franchise relationship not less than 6 months nor more than 12 months prior to the end of the Term.
If you fail to provide notice of your intentions regarding renewal within such time period, we will deem your failure to notify us as your decision not to renew.
In such case, you understand and agree that the Franchise shall expire at the end of the Term.
A failure to provide us with timely and accurate notice of your intentions regarding renewal is a material default under this Agreement, and REMAX Regional may enforce its rights under this Agreement for such default;
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, a franchisee must provide written notice of their election to renew their franchise relationship not less than 6 months nor more than 12 months prior to the end of the current franchise term. Failing to provide notice within this timeframe will be interpreted as a decision not to renew the franchise, leading to the expiration of the franchise agreement at the end of its term.
Missing the notification deadline is considered a material default under the franchise agreement, which could allow Remax Regional to enforce its rights under the agreement. This underscores the importance of adhering to the specified notification window to maintain the option of renewing the franchise.
To renew the franchise, the franchisee must also meet several other conditions, including compliance with all terms of the agreement, diligent efforts to develop the office, meeting current standards for new franchisees, and providing required financial documentation. These conditions, along with the notification timeframe, ensure that only qualified and compliant franchisees are granted the opportunity to renew their franchise agreements with Remax.