Free Alaska Residential Lease Agreement
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What is an Alaska Lease Agreement
An AK lease agreement is a legally binding contract between a landlord and a tenant. This is written to conform to state laws where the property is located. In Alaska, these allow both parties to comply with a series of set terms for a specified number of months or years.
However, the big difference is the duration that they cover. Rental agreements usually only cover short-term tenancies of a few months at a time or month-to-month contracts. Leases, on the other hand, cover a set number of months or years.
A lease agreement should contain the following details:
How long the tenant may legally reside in the property
How much rent should be paid
Information about the security deposits necessary
When rental installments are due
Any additional costs that must be serviced by the tenant
The rules regarding the proper use of the property
Situations that constitute lease violation eviction procedures
Types of Alaska Lease Agreements
There’s more than one type of lease agreement in Alaska, and selecting the correct one can be crucial. Each kind refers to a different type of property and/or rental situation. Therefore, you must create the right class of document, in order for your lease agreement to cover all the necessary terms.
The most common types of lease agreements in Alaska include:
Standard residential lease agreements: Both the landlord and tenant commit to a fixed set of terms for a set period of time.
Rent-to-own lease agreements: Designed for tenants that wish to buy the property they are renting during or after the lease has ended. This typically requires the tenants to pay an additional sum of money each month, to cover the principal costs.
Month-to-month rental agreements: The same general terms as a standard residential lease contract, but they can be renewed, altered, or ended on a month-by-month basis.
Commercial lease agreements: Provided by landlords of retail property to tenants that will use the real estate to manage a business.
Room rental agreements: Used for rooms within properties that have shared living areas.
Sublease agreement: Allows tenants to assign or lease the property to another individual as long as they have the property landlord’s permission.
Alaska Lease Addendums and Disclosures
There are various disclosures and addendums that must be contained within Alaska lease agreementswhen they are completed and signed. These are made to inform the tenant about any health risks, potential issues, or details about how the property is managed.
The list below includes the essential addendums in Alaska:
Absence: All lease agreements in Alaska must include a statement informing the tenant that they must notify the landlord if they leave the property for 7 days or more (§ 34.03.150).
Agent/owner identification: An essential section that discloses the name and contact information of the landlord or the chosen agent who will manage the property on their behalf. (§ 34.03.080)
Lead paint disclosure: Landlords must disclose whether lead paint can be found on the property (if the building was constructed before 1978).
Withholding security deposit: If the landlord wishes to withhold the security deposit for any reason when the lease ends, it must be stated in the terms of the agreement. (§ 34.03.070)
Alaska Lease Agreement Laws
Alaska lease agreements must be written according to the laws of AK state, to ensure that they are legally binding and hold up in court. These regulations will determine what terms you can include in the contract alongside matters such as eviction procedures.
The most relevant laws to take into consideration when renting a property in Alaska are:
Security deposits: In Alaska,landlords are not legally allowed to charge more than two months’ rent, unless the amount paid in rent exceeds $2000 (§ 34.03.070(a)).
Returning security deposits: The security deposit amount must be returned to the tenant no more than 14 days after they vacate the property. However, if the tenant doesn’t give property termination notice to the landlord, this increases to 30 days (§ 34.03.070(g)).
Landlord’s right to enter: Landlords need to give 24 hours’ advance notice to enter the rental property. Additionally, they must only enter at reasonable times and with the tenant’s permission.
Alaska Residential Lease Agreement Sample
Before beginning the process of creating a residential lease agreement in Alaska, it is sensible to review an example document first. Use our AK lease agreement sample below to find out more about the structure and contents of a fully-fledged rental contract.
FAQs About Alaska Lease Agreement
It is important to carefully prepare an Alaska lease agreement to suit the needs of the landlord and tenant exactly. To help demystify the process a little, simply review our FAQs below to learn more about the specificities of rental contracts in Alaska.
Can I Write my Own Lease Agreement in Alaska?
It is possible to create an Alaska lease agreement completely online. Using our residential lease agreement maker, you can tailor your document for your specific needs and take advantage of professional templates and expert tips.
Can You Break or Amend a Lease in Alaska?
Usually, an AK lease agreement cannot be changed once it is signed. Its terms will remain fixed until it reaches its agreed expiration date or it is terminated due to a violation by either party.
With a rental agreement or month-by-month tenancy, however, the terms of the agreement can potentially be changed each rental period. This means the landlord can amend or end the terms of the contract at the end of a 30-day rental period.
Do I Need to Notarize my Alaska Residential Lease Agreement?
It is not necessary to notarize an Alaska residential lease agreement template. However, whilst this might not be a legal requirement in Alaska state, signees are still advised to consider this step to provide further legal enforceability.
You are only a few steps away from your own Alaska Lease Agreement!