Updated February 20, 2023
An Alaska rent-to-own lease agreement is a contract between a landlord and tenant for the renting of property with an option to purchase. The parties will create agreed-upon terms and, if the tenant decides to buy, will convert the lease to a purchase agreement. If the tenant doesn’t buy, the lease will terminate in the same manner as a standard lease.
Rental Application – Used by a landlord to verify the employment and income of an applying tenant.