what is the law for vending co. to pay apartment complexes for putting their machines on property?

Answer 1

They have to get permission of the owner.

That may be as simple as asking for it.

Or it may require a monthly fee, or a percentage.

It may even require signing some kind of agreement that states that the owner is not liable for criminal activity, like vandalism or theft of the machine, and the vending company may have to provide proof of liability insurance if someone is injured by the machine.

Answer 2

Its called a placement contract. Typically the vending company puts the machine down at the apartment complex (soda, washers, driers, candy, etc.). Then the vendor and the owner of the building divvy up the profits.

Some vendors do a 80/20 split for vending machines, and a 50/50 for washer/drier.

Answer 3

There is no such law here in Ohio. The agreement between the complex owners and the vendor is the contract, most complex owners do not get any money they have machines installed for the convenience of the tenants.

Answer 4

its no law...its based on contract principles...the vending company pays the apartment complex for the right to place their machines on their property...otherwise I guess you could cite them for tresspassing if they don't get the owners permission.