Alaska Commercial Lease Agreement | PDF – MS Word
The Alaska commercial lease agreement allows a landlord and an individual or entity to come to an agreement over the use of a place of business. A typical arrangement is one (1) to three (3) years but can be month to month or any time frame as agreed upon. In a commercial lease, the landlord will agree to either “fit-up” (build-to-suit) the premises to the tenant’s liking before the lease begins or elect to have the tenant make their necessary modifications.
It is advised that the landlord accept a Security Deposit in addition to verifying an entity’s legal status by searching the Alaska Corporations Database when performing the credit check by using a rental application.
The agreement will negotiate the following topics;
- Premises – Description of Property
- Rental Amount (NNN, Gross, or Modified Gross)
- Escalations (if any)
- Alterations by Lessee
- Lessor’s Right to Inspect (By law the landlord must grant at least twenty four (24) hours)
- Repairs and Maintenance
- Security Deposits
Unlike residential leases, it is highly recommended that all commercial leases be signed with a notary public present.