An Alaska commercial lease agreement is a binding contract for a tenant to lease retail, office, or industrial space. The agreement sets the responsibilities and rights for both tenants and landlords, as well as details about deadlines, rent, penalties and other details.
Commercial lease agreements are usually more complex than a residential lease agreement and it is advisable to consult an attorney.
Writing Alaska Commercial Lease Agreements
An Alaska commercial lease agreement generally contains the following:
- Tenant’s name and contact information
- Landlord’s name and contact information
- Property manager’s name and contact information (if applicable)
- Description of the lease property
- Authorized use of the lease property
- Type of lease (gross, modified-gross, or triple-net)
- Term of the lease and the commencement date
- Option to renew the lease (if applicable)
- Rent and landlord’s profit participation in operations (if applicable)
- Penalty for late/non-payment of rent (including eviction process)
- Designation of the responsible parties for certain expenses and utilities
- Security deposit and refund policy
- Permissible leasehold improvements allowed by the landlord
- Additional terms as needed (including municipal codes and restrictions)
- Landlord and tenant contact information and form for legal service
- Jurisdiction and reference to Alaska state law
- Place for the notarized signatures of all parties
- Miscellaneous terms specific to the lease
