Property Management

Item 11

We may have independent access to the information and data generated by you and stored electronically, and we reserve the right to use such information and data in any way we choose, at our discretion, to benefit the System.

Item 6

You are required to provide us with monthly financial statements, including a profit and loss statement, within ten (10) Business Days after the end of each month.

Item 8

We may modify, add to, or change any specification and requirement as to any goods, service, supplies, Franchisor Software, technology, or the like, at any time, on a regional or national basis, by amendment to the Manual, Materials, or by written notice to you.

Item 8

Many of these Approved Vendors have agreed or will in the future agree to pay rebates, commissions, referral fees, or other forms of compensation or incentives to us.

Item 8

We estimate that the costs of purchases and of leases of goods and services from approved and designated suppliers are between 10% and 25% of your initial costs, and between 10% and 25% of your ongoing expenses.

Item 8

You must obtain approval for a proposed supplier by submitting to us a written request identifying the company and supplying us with a sample of the proposed services and products.

Franchise agreement

If Franchisor wishes to conduct an audit or inspection of Franchisee’s business records and/or of the monthly and annual reports required in Section 3.4.3, Franchisor shall give Franchisee at least two (2) Business Days’ notice, which notice can take any form (e.g. phone call, email, mail, etc.).

Franchise agreement

Franchisee acknowledges that Franchisor may modify its standards, specifications, suppliers, vendors, operating processes, and marketing procedures, including but not limited to: goods and services Franchisee provides and vendors and Franchisor Software solutions Franchisee uses, as well as those set forth in the…

Item 11

The location of your Office is selected by you, and we must approve the location in writing before your Opening Date.

Item 11

You may not have a website that is separate from ours without our express written permission which may be granted or denied for any reason or for no reason at all (Franchise Agreement, Section 5).

Franchise agreement

Franchisee is required to expend at least two-thousand dollars ($2,000) each month in local advertising activities (“Local Advertising Quota”) for the Primary Pillar and one thousand dollars ($1,000) for each additional Pillar, commencing on the 13th month following Opening Date.

Item 8

You will be required to purchase and maintain an inventory of Business Supplies from the PMiStore.

Item 8

You must also purchase computer hardware and software from suppliers that meet our standards and specifications or obtain our written approval to purchase other equipment.

Franchise agreement

Royalty Fee and the National Marketing Fee, if any, shall be due and payable to Franchisor on the fifteenth (15th) of each calendar month via EFT from Franchisee’s Bank Account.

Item 15

Franchisee is required to form a legal entity to operate the Business, and you must designate a person to be responsible for the day-to-day operation of the Business (“Principal Operator”).

Item 11

We may have independent access to the information and data generated by you and stored electronically, and we reserve the right to use such information and data in any way we choose, at our discretion, to benefit the System.

Item 11

Some Refresher Courses require a fee.

Item 11

We may hold an annual convention (“Annual Summit”) which, if held, will require you to attend.