An Alaska lease agreement is a contract between a landlord and a tenant that defines their relationship and establishes the terms and conditions of a commercial or residential tenancy. Before entering into a lease, the landlord is advised to screen each prospective tenant by running a credit check and viewing their criminal history. Once a suitable candidate has been selected, a lease may be drafted and reviewed by both parties to ensure a fair rental arrangement.
The landlord and tenant will be bound to the contract’s provisions until the end of the lease term after they’ve both inscribed their signatures.
Rental Application – This document can be used to screen potential tenants and obtain their background information.
Commercial Lease Agreement – For retail, industrial, office, or any non-residential space.
Rent-to-Own Agreement (Lease Option) – A standard lease that allows the tenant to purchase the property during an option term.
Month-to-Month Lease Agreement – A lease with no end date that renews monthly with rent payments.
Roommate Agreement – A document outlining certain obligations and responsibilities between roommates.
Standard (1-year) Lease Agreement – The standard one (1) year agreement with a fixed term and monthly rent payments.
Sublease Agreement – Allows a tenant to rent a portion or their leased space to someone else. Subject to the landlord’s approval in most cases.
The agreement must state that the landlord is to be notified by the tenant if the tenant plans to leave the premises for a period greater than seven (7) days.
The name and address of the individual authorized to manage the premises must be provided to the tenant, as well as the name and address of any owner or agent responsible for the service of process, notices, and demands. If this information should change at any time, it must be communicated to the tenant.
Must be given to new tenants if the property was built prior to 1978.
The landlord must provide to the tenant the terms and conditions under which any portion of prepaid rent or security deposit may be withheld by the landlord.
- Title 34, Chapter 3 – Uniform Residential Landlord and Tenant Act – PDF Version
- Alaska Landlord & Tenant Act – What it Means to You (PDF)
General Access (AS 34.03.140(c)) – Twenty-four (24) hours’ notice is required with the tenant’s consent. The tenant cannot unreasonably withhold consent, meaning they must have a valid reason.
Emergency Access (AS 34.03.140(b)) – The landlord may enter the premises immediately if there is an emergency.
Grace Period – No statute. The tenant pays rent on the day stated in the rental agreement.
Maximum Fees ($) (AS 45.45.010(a)) – According to Page 3 of the Alaska Landlord & Tenant Act, the landlord may charge a small flat fee, if rent is not paid on time. If it is a percentage-based fee it cannot be more than 10.5% interest (accruing annually) on the amount owed.
Rent Increase Notice (AS 34.03.290(b)) – For month-to-month tenancies, the landlord must give at least thirty (30) days’ notice before increasing the rent on a tenant. There are no laws that dictate the required notice period for fixed-term leases.
Maximum Amount ($) (AS 34.03.070(a)) – Two (2) months’ rent. If the monthly rent is more than $2,000, there is no limit on the security deposit amount.
Returning to Tenant (AS 34.03.070(g)) – Fourteen (14) days if proper notice is given, if not, the landlord has thirty (30) days to return to the tenant.
Interest Required? (12 AAC 64.210) – Interest is only required to be paid if the landlord’s trust account where the funds were held has accumulated interest. The landlord is not allowed to keep any interest accrued.
Separate Bank Account? (AS 34.03.070(c)) – The landlord is required to deposit the funds in a separate trust account.