Alaska Commercial Lease Agreement

Lease office, retail or other business premises to a tenant with this Alaska Commercial Triple Net Lease Agreement.

• Triple Net Lease. A triple net lease means that the lessee covers all costs and expenses to do with the premises including structural repairs.
• Renewal. The lessee has an option to renew the lease for an additional term.
• Taxes and Charges. The lessee will pay all expenses, taxes, levies, and charges with respect to the premises, all utilities and services, and operating expenses for its business.
• Insurance. The lessee is responsible for carrying fire, extended coverage, and liability insurance.
• Alterations and Repairs. The lessee is responsible for all alterations, improvements, maintenance and repairs.
• Damage or Destruction. Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
• Subordination. The lessee agrees to sign a subordination agreement or other documents necessary to subordinate the lease to a mortgage or other charge, if required by the lessor.
• Additional Rent. Optional clause for percentage rent to be paid in addition to the base rent, if applicable.

• The guaranty is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
• The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.

AK commercial landlords, renew and extend a business tenant's lease with this downloadable Alaska Renewal and Extension of Commercial Lease.

• The parties agree to the expiry date of the new lease term, and the rental payments for the new term.
• The tenant has no further right to extend or renew the lease.
• The remaining terms and provisions of the original lease remain in full force and effect.
• This form is for commercial leases only. You will need to use the Extension of Residential Lease form for residential tenancies.
• Available in MS Word format.
• Intended to be used only in the State of Alaska.