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Alaska Rental Lease Agreements | Residential & Commercial

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The Alaska lease agreements, for residential and commercial use, is between a lessor that agrees to let a lessee use property for an amount paid on a periodic basis. All forms must be filled-in pursuant to the respective State Statutes (Residential: Title 34, Chapter 3 & Commercial: Title 45, Chapter 12). Once an agreement has been written and signed by both the lessee and lessor the document becomes legally binding for both parties.

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

Agreements

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

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

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

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.

Standard Lease Agreement – Fixed arrangement of usually one (1) year but can be for any amount of time as agreed by the parties.

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

Termination Lease Letter (§ 34-03.290) – Used to cancel a month to month agreement by sending through certified mail or serving the notice through another way legal in the State of Alaska.

Disclosures

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 – Federal law requiring 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 would like the option to withhold the security deposit for after the stay, for any reason, the terms must be stated.

Access

Access (§ 34.03.140) – Landlord must give at least twenty-four (24) hours notice to the tenant before entering the premises.

Security Deposits

Maximum Amount (§ 34.03.070) – The landlord can only charge a maximum amount of two (2) months’ rent, unless the amount is more than two-thousand dollars ($2,000) under which this section is irrelevant.

Returning to Tenant (§ 34.03.070) – 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.

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