Updated on July 12th, 2021
An Alaska commercial lease agreement is a contract between a landlord and a tenant that outlines terms and conditions for renting a commercial building, office, room, warehouse, or retail space. The agreement allows the tenant to extend the lease through renewal periods, and the lease may be structured as a gross, modified gross, or triple-net (NNN) lease. Once signed, the parties will be legally bound to one another until the end of the term. Due to commercial agreements being generally unrestricted in the eyes of the law (in comparison to residential leases), it is essential that the lease document be as comprehensive as possible.
Lease Application – Allows landlords to screen lease applicants by verifying their revenue and credit history.