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Along with the franchise payment, the franchisee must pay the franchisor royalty charges, or other on-going payments. These payments are usually taken as a percentage of sales, but can be arrange as a set amount or on a sliding scale. The terms of those fees will likely be spelled out in the franchise settlement. These funds are for the on-going services and support that the franchisor gives. Franchisors may sell supplies directly to their franchisees.
Not every landlord needs to be a property manager. Property management is hard work with lengthy, unpredictable hours and possibly plenty of cellphone calls from angry tenants. Skilled property management companies can help a landlord write vacancy adverts, display tenants, write up leases, collect rent, present day-to-day upkeep, arrange for repairs and answer the telephone in the course of the evening when a toilet gets clogged. Property managers typically charge ten p.c of the monthly rent.
Although the particulars of a month-to-month condo agreement could vary, Enoch Emery modifications within the phrases of the settlement will normally contain giving written notice a minimum of 30 days prematurely. This is true for the tenant as effectively as the landlord. Other details, like the deposit amount and what constitutes applicable use are spelled out in a short-time period rental settlement just as they are in an extended term lease.