# Prepaid dues liability

A term used when buying gym or fitness studio.

Membership money already collected for months not yet delivered, which Florida makes refundable [pro rata](https://searchspheresource.com/glossary/pro-rata).

Florida registers each health studio location for three hundred dollars a year. It then tells the contract what it must say. A prepaid or installment health studio contract carries a penalty-free three-day cancellation, printed in ten point boldface, and a pro rata refund of the unused part. For a buyer that is a [balance-sheet](https://searchspheresource.com/glossary/balance-sheet) item wearing a marketing name. Every annual membership sold before closing is cash the seller banked and service the buyer owes, and the refund is computed on the days left.

Part of: Buying a Gym or Fitness Studio (https://searchspheresource.com/guides/buying-a-gym-or-fitness-studio)

Source: https://searchspheresource.com/guides/buying-a-gym-or-fitness-studio/terms/prepaid-dues-liability
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt