This office lease provision states that at the end of the fifth (5th) year of the lease, the tenant shall have an option to purchase the building in which the premises is located at fair market value.
Alaska Provision Setting Out a Purchase Option
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US-OL2404
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FAQ
Alaska landlord responsibilities Landlords are required to make repairs within 10 days of being notified by the tenant. Landlords are required to provide a 30-day notice before raising the rent. Landlords must provide a 24-hour notice before entering the property unless it's an emergency.
Things A Landlord Cannot Do in Alaska Landlords cannot change locks, shut off utilities, or take other "self-help" actions to try to evict you. They have to file eviction cases in court.
Under Alaska Stat. § 45.50. 471, making a false and misleading statement in an advertisement addressed to the public, and readjusting or resetting a vehicle's odometer to show less miles in the odometer with an intent to deceive are unlawful acts or practices.
(c) A landlord may not abuse the right of access or use it to harass the tenant. Except in case of emergency or if it is impracticable to do so, the landlord shall give the tenant at least 24 hours notice of intention to enter and may enter only at reasonable times and with the tenant's consent.
Except in case of emergency or if it is impracticable to do so, the landlord shall give the tenant at least 24 hours notice of intention to enter and may enter only at reasonable times and with the tenant's consent.
A landlord may deliver written notice to terminate the rental agreement for substantial damages or illegal activities conducted on the premises. The notice should contain details of the breach and a notice period between 24 hours and 5 days (§§ 34.03. 220).
290. Periodic tenancy and holdover. While rent is current, the landlord or the tenant may terminate a week to week tenancy by a written notice given to the other at least 14 days before the termination date specified in the notice.
Alaska is a landlord-friendly state because of the lack of rent control laws.
