Does your business lease agreement make your eyes glaze over, even though you know you should review it? Maybe you’re avoiding an attorney’s bill for that “quick question” about who’s responsible for the HVAC, or you’re holding your breath, hoping there aren’t any hidden costs buried in the fine print. Well, let me save you the hassle—and yes, probably a good chunk of cash too.
I’m Donna Bordeaux from Calculated Moves, and I’m here to introduce you to a time-saving, cost-cutting tip: let ChatGPT take a first look at your lease. Think of it as your virtual lease assistant—one that won’t charge you $300 an hour.
Renewing your lease? Considering a business sale and wondering how it affects your lease terms? Need to know about hidden costs, personal guarantees, or potential subleasing options? ChatGPT can help you locate all these details faster than you can say “legal fees.” Just load your lease into ChatGPT and start asking questions like, “Who’s responsible for HVAC repairs?” or “What’s the policy on transferring this lease in a sale?”
One of my clients recently had a potential HVAC disaster. Rather than waiting days (or paying big bucks) for an attorney to point out the relevant sections, we ran the lease through ChatGPT. Turns out, the landlord was responsible, saving my client money and stress in no time.
Let’s be clear: ChatGPT isn’t replacing legal counsel. However, it’s a powerful first line of defense. By the time you do decide to engage an attorney, you’ll already know where to focus. And that means fewer billable hours and more time doing what you love—because who started their business just to get cozy with legal jargon?
With ChatGPT, you’ll not only save on legal costs but also cut down on headaches. Use it to clarify your lease terms, identify potential liabilities, and even help with decision-making if you’re thinking about moving, renewing, or selling.
If you’re ready to stop losing sleep (and cash) over your lease agreement, give ChatGPT a try. At Calculated Moves, we’re all about equipping entrepreneurs to focus on what matters most, with financial savvy and strategic insights that go far beyond the basics. So, let’s keep those surprises—and attorney’s fees—to a minimum!
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Donna Bordeaux, CPA with Calculated Moves
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.