Question 1

How accurate is the AI contract analysis?

Accepted Answer

BizLeaseCheck is designed to flag the common risks for each of the 15 supported document types (leases, guaranties, SBA loans, FDDs, MSAs, purchase agreements, MCAs, employment, LLC, construction, insurance, etc.) and summarize them with supporting excerpts. Like any automated tool, it can miss context or make mistakes, so use it as a starting point and review important decisions with a qualified professional.

Question 2

What document types can BizLeaseCheck analyze?

Accepted Answer

Fifteen specialist reviewers cover: commercial lease, residential lease (renters), personal guaranty, SBA 7(a)/504 loan package, franchise disclosure document (FDD), vendor/SaaS MSA, commercial real-estate purchase agreement (PSA), business/asset purchase agreement (APA), merchant cash advance (MCA), equipment finance agreement, employment agreement (including non-compete and NDA), LLC operating agreement, construction contract or subcontract, commercial insurance policy, and assumed-lease assignment due diligence. Each has its own analyzer tuned to the risk framework a reviewer would actually use on that contract — not a generic clause scanner.

Question 3

What is the difference between an NNN and a Gross commercial lease?

Accepted Answer

In a Triple Net (NNN) lease, the tenant pays base rent PLUS the property's taxes, insurance, and maintenance pass-throughs (CAM). In a Gross lease, the landlord pays these expenses out of the rent. Modified Gross and Industrial Gross sit in between. BizLeaseCheck calculates effective monthly cost across these structures by surfacing the variable expenses, caps (or lack of them), reconciliation timing, and audit rights.

Question 4

What does it mean if my personal guaranty is "unconditional" or "unlimited"?

Accepted Answer

An unconditional, unlimited personal guaranty means you are personally liable for the full obligation (rent, loan, lease payments) with no cap, no burn-off, and no requirement that the lender pursue the business first. Joint-and-several language lets the lender collect 100% from any one guarantor regardless of ownership share. The analyzer flags scope (limited vs. unlimited), burn-off / good-guy carve-outs, waiver of defenses, and joint-and-several language — but enforceability is state-specific and you should review with an attorney before signing.

Question 5

What is SBA Form 148, and why does it matter on an SBA 7(a) loan?

Accepted Answer

SBA Form 148 is the Unconditional Guarantee that every owner with 20%+ ownership is generally required to sign on an SBA 7(a) loan. Form 148L is a limited variant. The analyzer checks whether the guarantee is capped or unlimited, whether all 20%+ owners are listed, the practical scope of personal-collateral and home-equity pledges (per SOP 50 10), and whether the lender can pursue guarantors before liquidating business collateral. Each finding is tied to a quote from your SBA package.

Question 6

What red flags does the AI catch in a Franchise Disclosure Document (FDD)?

Accepted Answer

The FDD analyzer is keyed to the FTC's 23 Item structure (16 CFR Part 436). It surfaces issues across initial and ongoing fees (Item 5/6), territory and encroachment rights (Item 12), Item 19 earnings claims, renewal/termination/transfer language (Item 17), restrictive covenants, supplier controls, and franchisor financial health (Item 21). State franchise-registration nuances are flagged separately as needs-attorney-verification.

Question 7

Can BizLeaseCheck review a vendor or SaaS Master Service Agreement (MSA)?

Accepted Answer

Yes — there's a specialist MSA / SaaS analyzer with a customer-side stance (the default) and a vendor-side stance. From the customer perspective it pushes back on uncapped customer liability with a capped vendor side, broad customer indemnity, auto-renewal traps, unilateral price uplift, data-ownership gaps, weak SLA remedies, and mandatory arbitration / class-action waivers.

Question 8

How do you calculate the true APR of a merchant cash advance (MCA)?

Accepted Answer

The MCA analyzer estimates the effective annualized cost behind a factor-rate-priced advance using the advance amount, repayment total, daily/weekly ACH amount, and estimated holdback period. The result is a directional APR estimate — not a Truth-in-Lending APR — that lets you compare an MCA against a term loan or line of credit on a common scale. It also flags confessions of judgment, daily-debit reconciliation traps, and stacking restrictions.

Question 9

Will the AI check whether my non-compete is enforceable in my state?

Accepted Answer

The employment-agreement analyzer flags non-compete scope (duration, geography, restricted activities), non-solicit overlap, garden-leave or consideration requirements, and the FTC's evolving non-compete posture — but enforceability is sharply state-specific (California, North Dakota, Oklahoma, Minnesota, and several others have particularly strict limits). The report explicitly marks state-specific items as "needs-lawyer-verification" and points to the relevant state statute where possible.

Question 10

Can BizLeaseCheck review an LLC operating agreement before I sign as a minority member?

Accepted Answer

Yes — the LLC analyzer has a minority-member stance and a controlling-member stance. From the minority perspective it pushes back on mandatory capital calls with punitive dilution, discretionary distributions that leave a minority paying tax on phantom income, drag-along rights without tag-along, buy-sell valuation methods that lowball a departing minority (book value + stacked discounts), and waiver or elimination of fiduciary duties.

Question 11

Does the AI spot pay-if-paid clauses in a construction subcontract?

Accepted Answer

Yes. The construction-subcontract analyzer (default contractor-side stance) flags pay-if-paid vs. pay-when-paid language, retainage size and release timing, no-damages-for-delay clauses, broad one-sided indemnity, uncapped liquidated damages, onerous flow-down of prime-contract obligations, and unconditional lien waivers that waive rights for unpaid work. Each finding is tied to a verbatim quote from the subcontract.

Question 12

Can BizLeaseCheck audit a commercial insurance policy for coverage gaps?

Accepted Answer

Yes — the commercial-insurance analyzer flags covered vs. excluded perils, professional/cyber sublimits, business-interruption waiting periods, named-insured and additional-insured language, claims-made vs. occurrence triggers, and exclusions that conflict with the insured's stated operations (for example, a Business Owner's Policy that excludes professional services for a software consultancy).

Question 13

Is this legal advice?

Accepted Answer

No. BizLeaseCheck is informational analysis, not legal advice. It is a powerful starting point for review and negotiation prep, but the report should be used to focus a conversation with a qualified attorney — not to replace one. We mark state-specific or version-specific items as "needs-lawyer-verification" and point to primary sources where possible.

Question 14

Can I upload scanned PDFs or Word documents?

Accepted Answer

Yes — BizLeaseCheck works best with text-based PDFs and Word docs (.docx), but scanned/image-only PDFs are supported too (OCR may take a bit longer). You can also paste contract text directly.

Question 15

Do you store my uploaded document?

Accepted Answer

We store your uploaded document in private storage to power the in-app viewer and exports. We also store extracted text and generated analysis results so you can retrieve your report and unlock paid content. We do not sell your documents, and you can request deletion at any time by contacting support.

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