Alaska Lease Agreements (6) | Residential & Commercial

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Updated January 11, 2023

An Alaska lease agreement is a document used to allow a landlord to rent a property to a tenant for monthly payment. The landlord will write the lease after making a verbal agreement and checking the tenant’s financial credentials. After both parties sign the lease, the landlord and tenant will be obligated to its terms until the end date.

Rental Application – It is recommended, although not required, to have the tenant be verified of their income and/or background before the landlord agrees to a rental agreement.

Table of Contents

Agreement Types (6)

Standard Lease Agreement – Fixed arrangement of usually one year but can be for any amount of time as agreed by the parties.

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Commercial Lease Agreement – For the use of any type of business-related property such as retail, office, or industrial.

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Month to Month Lease Agreement (AS 34.03.290(b)) – Known as a “tenancy at will,” which allows either party to cancel the arrangement with at least 30 days’ notice from either party.

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Rent-to-Own Lease Agreement – A standard residential lease with the added benefit of having the power to purchase the property during an agreed-upon option period.

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Room Rental (Roommate) Agreement – To be signed by all the members of a shared living situation to establish the rules for common areas and payment(s) for utilities.

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Sublease Agreement – A tenant may elect to have someone else move in and continue the lease under the current arrangement with the landlord.

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Required Disclosures (4)

Absence (§ 34.03.150) – The agreement must state that if the tenant leaves the property for more than seven (7) days that the landlord is to be notified.

Lead-Based Paint Disclosure – Federal law requires all housing units built prior to 1978 to issue this disclosure and brochure to new tenants.

Identification (§ 34.03.080) – The landlord must write the person(s) authorized to receive notices/demands by the tenant.

Withholding Security Deposit (§ 34.03.070) – If the landlord wants to withhold the security deposit after the lease term, the terms for withholding must be stated.

Security Deposits

Maximum Amount (§ 34.03.070(a)) – The landlord can charge a maximum amount of two (2) months’ rent unless the amount is more than two thousand dollars ($2,000), under which there is no maximum.

Returning to Tenant (§ 34.03.070(g)) – Fourteen (14) days if the tenant leaves on time or gives proper termination. Thirty (30) days if the tenant did not give proper termination to the landlord.

When is Rent Due? (Grace Period)

The rent is due on the day mentioned in the lease agreement (AS 34.03.020(c)). If rent is late, the landlord can give the tenant a 7-day notice to quit giving them the option to pay rent or vacate.

There is no rent grace period in Alaska.

Late Fees

Maximum Penalty – There is no statutory limit. Therefore, the landlord can charge as much as desired if mentioned in the lease.

NSF Fee – There is a maximum fee the landlord can charge of $30 per occurrence (§ 09.68.115(a)(2)).

Right to Enter (Landlord)

The landlord must give at least twenty-four (24) hours’ notice to the tenant before entering the premises (§ 34.03.140).

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