Alaska Renewal and Extension of Commercial Lease

Lease office, retail shopping or other business space in Alaska to a tenant with this customizable Commercial Lease Agreement.

• The tenant has an option to renew the lease at the end of the term.
• There are two optional clauses for payment of property taxes, one for the landlord and one for the tenant, whichever is applicable.
• The tenant is responsible for carrying comprehensive public liability, fire and extended coverage insurance.
• Optional clauses included if (i) the landlord is responsible for mechanical and structural repairs, and (ii) if the tenant is responsible for all repairs.
• Parking areas are to be shared by all tenants and their employees and customers.
• Provisions to govern in the event of damage, destruction, or condemnation of the building.
• This lease template is provided in MS Word format and is fully editable to fit your needs.
• Intended for use only in the State of Alaska.

Sublet all or part of your business space to a subtenant with this Alaska Commercial Sublease Agreement.

• This sublease can be used for offices, retail shops or other business premises.
• The subtenant must pay a security deposit to the original tenant.
• The subtenant pays rent to the tenant, who in turn pays the landlord.
• The original tenant must still perform its obligations under the head lease.
• The original tenant assigns its interest in the sublease to the landlord.
• The original tenant directs the subtenant to pay rent directly to the landlord if the original tenant defaults in any of its obligations under the head lease.
• This legal contract template is available in MS Word format and is fully editable to fit your needs.
• Intended for use only in the State of Alaska.

• 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.