Alaska Standard Residential Lease Agreement

An Alaska standard lease agreement is a legal document between a landlord and tenant that outlines each party’s responsibilities during the rental period. It is commonly a one-year term and allows the tenant to occupy the premises in exchange for paying rent on the first day of each month.

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Last updated May 10th, 2024

An Alaska standard lease agreement is a legal document between a landlord and tenant that outlines each party’s responsibilities during the rental period. It is commonly a one-year term and allows the tenant to occupy the premises in exchange for paying rent on the first day of each month.

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Disclosures

7+ Day Absence – The landlord must mention in the lease that if the tenant should be absent for more than seven days, they must notify the landlord as soon as possible. (AS 34.03.150)

Landlord’s Identification – The name and address of the person authorized to manage the premises or authorized to act on behalf of the owner must be disclosed. Such details must remain updated in the event the ownership of the property should change. (AS 34.03.080(a))

Lead-Based Paint Disclosure – Must be completed by the landlord and distributed to the tenant if the residence was constructed before January 1, 1978. (24 CFR 35.92)

Rent Grace Period

There is no grace period in Alaska. The rent is payable to the landlord per the agreement made between the landlord and tenant.(AS 34.03.020(c))

Security Deposit

Maximum Amount – Two months’ rent. However, there is no maximum if the monthly rental amount is more than $2,000.(AS 34.03.070(a))

  • Holding the Security Deposit – The security deposit must be placed in a separate bank account used solely for tenants’ deposits.(AS 34.03.070(c))
  • Collection of Interest – Unless the landlord is a licensed real estate agent, there is no requirement to collect interest on behalf of the tenant.(AS 34.03.070(c))

Returning – If there are no deductions from the security deposit, the landlord has 14 days after the tenancy has terminated to return the full amount to the tenant. If deductions are made, the landlord has 30 days to return the remaining deposit.(AS 34.03.070(g))

  • Itemized List – The landlord must disclose an itemized list of deductions if the full amount of the security deposit is not being returned to the tenant.(AS 34.03.070(g))