Bill > HB115

This bill modifies Alaska's residential rental law by introducing new restrictions on rent increases. Specifically, landlords will now be limited to increasing rent only once per calendar year, and they must provide tenants with written notice at least 90 days in advance of any rent increase. If a rental agreement is terminated or expires, the bill stipulates that the rent for a subsequent agreement cannot exceed the previous amount until either the noticed increase date has passed or 90 days have elapsed since the termination of the previous agreement. The bill applies to all rental agreements entered into on or after its effective date, which means existing leases will not be immediately impacted but will be subject to the new rules when they are renewed or new agreements are signed. This legislation aims to provide more stability and predictability for tenants by preventing frequent or sudden rent increases and ensuring tenants have ample time to prepare for and respond to potential changes in their housing costs.

Government Affairs

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB115