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Residential Lease / Rental Agreement (Alaska)

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Residential Lease / Rental Agreement (Alaska)
This Agreement made this _____ day of ______________, _______, by and between:
Address: [address of Landlord or Agent]
Tenant: [NAME(S) OF TENANT(S)]
In consideration of the mutual covenants contained herein and other good and valuable consideration,
the parties hereto agree as follows:
1. Premises
[street address]
[city/town], Alaska [zip] (the “Premises”)
Landlord hereby leases to the Tenant the above Premises upon the following terms and conditions.
2. Term
The duration of this Agreement shall be for a term of _______ [years/months], commencing on the _____
day of ______________, _______ and terminating on the _____ day of ______________, _______ (the
“Term”). [if tenant is taking possession prior to commencement of the Term: Tenant shall have the right to
occupy the Premises from [set out date of possession] until commencement of the Term, under the terms
and conditions of this Agreement. Upon expiration of the Term, if the parties mutually agree to the
Tenant’s holding over of the Premises, this Agreement shall convert to a month-to-month tenancy.
3. Rent
Rent for the Premises shall be [AMOUNT OF MONTHLY RENT IN WORDS] DOLLARS ($####.##) per
month to be paid in advance on or before the first (1
) day of each month without demand or notice
therefor. Each monthly Rent payment shall be paid by one check, [pre-authorized debit] or money order
per month. Cash will not be accepted under any circumstances. All Rent and other payments to be made
hereunder shall be made by mail or personal delivery to the Landlord at the address hereinbefore set out,
or such other address as the Landlord may from time to time designate in writing to the Tenant. If Rent
payments are being sent by regular mail, Tenant is responsible for ensuring that such payments are
mailed with sufficient time to allow delivery by the 1
day of the month. If any Rent payment is hand
delivered to the Landlord, Tenant should request a receipt from the Landlord as confirmation.
Partial rental payments may be refused at the option of the Landlord. If all rent is not paid on or before
the fifth (5
) day of the calendar month, the Tenant shall be charged a late fee of TEN DOLLARS ($10.00)
per day, to a maximum of FIFTY DOLLARS ($50.00). In addition, the Tenant agrees to pay an
administrative charge of TWENTY-FIVE DOLLARS ($25.00) for each NSF check, i.e. any check returned
by the bank for non-sufficient funds. Late fees may be waived, at the Landlord’s option, if Tenant notifies
the Landlord at least ______ days prior to the due date for a Rent payment and the parties mutually agree
to an alternate payment date.
Landlord shall not increase the Rent hereunder without providing Tenant sixty (60) days prior written
notice of such increase.
4. Security Deposit [NOTE - unless the rent is more than $2,000 per month, the total of security
deposits and prepaid rent cannot exceed 2 months’ rent.]
A security deposit of [AMOUNT OF DEPOSIT IN WORDS] DOLLARS ($###.##) collected from Tenant,
receipt of which is hereby acknowledged, shall be held by the Landlord as security against loss from
damage, nonpayment of rent, or any other breach of this Agreement by Tenant. Landlord shall deposit
the security deposit in a non-interest bearing account for the Term of this Agreement, and shall promptly
Residential Lease / Rental Agreement (Alaska)