The Alaska Standard Lease Agreement standardizes the terms and obligations between a tenant and landlord for the act of renting a domicile for a presented length of time and sum of money. It is necessary to summarize, in writing, the rights and responsibilities granted to each party in the transaction. The downloadable form aids in the process of recording the negotiated provisions and holding the participants accountable to the commitment. The document functions to register the names of those involved, the subject property, contract duration and expiration, payment schedule, and security deposit amounts. The arrangement is finalized upon endorsement from both the lessor and lessee.
Rental Application – A renting landlord must receive an initial application form a potential tenant prior to drawing up a lease. Doing so will allow the owner to determine if the applicant will meet the qualifying needs of the renting party. Considerations based on rental history, current income, and credit standing will be taken into account to conclude the possible lessee’s acceptability for tenancy.