Alaska office lease agreement template

Alaska Office Lease Agreement

This Alaska Office Lease Agreement is made and entered into as of this [Date] by and between [Landlord Name], residing at [Landlord Alaska Mailing Address], hereinafter referred to as "Landlord," and [Tenant Name], residing at [Tenant Alaska Mailing Address], hereinafter referred to as "Tenant." Landlord’s phone number is [Landlord Phone Number]. Tenant’s phone number is [Tenant Phone Number].

1. Premises

Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the office space located at [Property Address], Suite/Unit [Suite/Unit Number], Floor [Floor Number], consisting of approximately [Square Footage] square feet (the "Premises"), measured according to [Measurement Standard Description, e.g., BOMA standard]. The Premises is configured as follows: [Detailed Description of Office Configuration].

2. Use of Premises

• Option A: The Premises shall be used solely for general office purposes.
• Option B: The Premises shall be used solely for [Specific Office Purpose].
  • The Tenant shall not use the Premises for any other purpose without the prior written consent of the Landlord.
• Tenant shall comply with all building operational policies, Landlord-imposed restrictions, local zoning codes, and owner’s association rules.
• Subletting, assignment, co-working, or sharing of the Premises is [Permitted/Prohibited/Permitted with Landlord's Consent]. If permitted with Landlord’s consent, such consent shall not be unreasonably withheld.

3. Term

• Option A: The term of this Lease shall commence on [Start Date] and shall expire on [End Date].
• Option B: The term of this Lease shall be for a period of [Number] years, commencing on [Start Date].
  • Renewal Option: Tenant shall have the option to renew this Lease for [Number] additional term(s) of [Number] years each, provided that Tenant gives Landlord written notice of its intent to renew at least [Number] days prior to the expiration of the then-current term.
• Early Termination: Early termination is [Permitted/Prohibited] subject to [Conditions for Early Termination, e.g., penalty fee, finding a suitable replacement tenant]. Notice periods and procedures shall be as per Alaska Statute AS 34.03.
• Holding Over: Any holding over by Tenant beyond the expiration of the term shall be on a month-to-month basis, at a rental rate equal to [Percentage]% of the then-current monthly rent, subject to all other terms and conditions of this Lease.

4. Rent

• Option A: The monthly rent for the Premises shall be [Dollar Amount], payable in advance on the [Day] of each month, beginning on [Start Date].
• Option B: The monthly rent for the Premises shall be [Dollar Amount], with the following escalation clause: [Description of Escalation Clause, e.g., CPI adjustment annually, percentage increase].
  • Late Fees: A late fee of [Dollar Amount or Percentage]% shall be charged for any rent payment received more than [Number] days after the due date.
• Security Deposit: Tenant shall deposit with Landlord a security deposit of [Dollar Amount], which shall be held by Landlord in accordance with Alaska law. The security deposit shall not exceed two months' rent if the lease term is for twelve months or more.
• Rent Abatement: In the event of force majeure, particularly severe weather, earthquake, or government-mandated closures, rent abatement shall be [Percentage/Dollar Amount/Determined Based On Downtime].
• Payment Method: Rent shall be paid by [Payment Method, e.g., check, electronic transfer] to [Payment Instructions].
• Alaska Sales Tax: [Tenant/Landlord] is responsible for paying any applicable state or local sales tax on the rent.

5. Additional Charges

• Common Area Maintenance (CAM): Tenant shall pay its pro-rata share of CAM expenses, which shall be calculated as [Calculation Method, e.g., percentage of rentable square footage]. CAM expenses include [List of Included Expenses, e.g., janitorial service, snow/ice removal, garbage collection, security monitoring, property management fees].
• Utilities: [Landlord/Tenant] is responsible for the following utilities: [List of Utilities, e.g., electricity, heating fuel, water/sewer].
  • Utilities are [Submetered/Pro-rata share/Directly billed].
• Landlord may institute upgrades affecting tenants, and Tenant's responsibility for contributing to the cost of such upgrades will be [Description of Tenant’s Responsibility].

6. Tenant Improvements

• Tenant Improvement Allowance: Landlord shall provide Tenant with a tenant improvement allowance of [Dollar Amount].
  • Build-Out: All build-out and space modifications are subject to Landlord's approval and compliance with Anchorage or other local building codes.
• Restoration: At the end of the lease term, Tenant shall [Restore the Premises/Not be required to restore the Premises] to its original condition, reasonable wear and tear excepted.

7. Maintenance and Repairs

• Landlord shall be responsible for maintaining the structural integrity of the building, including the roof, foundation, and exterior walls.
• Tenant shall be responsible for maintaining the interior of the Premises, including fixtures, office equipment, and lighting.
• Responsibility for climate control systems is as follows: [Landlord/Tenant].
• Landlord is responsible for window cleaning [Inside/Outside].
• Tenant shall promptly report any property damage to Landlord.
• Landlord will address repairs within [Number] days of notification, except in emergencies.

8. Tenant Equipment

• Tenant shall be responsible for the installation and maintenance of its own telecommunications and IT servers.
• Landlord shall have the right of access to Tenant-installed equipment for maintenance or inspection purposes, with reasonable notice.

9. Insurance

• Tenant shall maintain general liability insurance with minimum coverage of [Dollar Amount] and property insurance.
• Landlord shall maintain property insurance on the building.
• Waiver of Subrogation: [Mutual waiver/Tenant waives/Landlord waives] their rights of subrogation.
• Tenant is responsible for ensuring fire safety equipment and emergency exit compliance.

10. Move-In and Move-Out

• Move-In: A move-in walkthrough and punch list shall be completed prior to Tenant taking possession of the Premises.
• Move-Out: Upon termination of this Lease, Tenant shall remove all personal property and debris from the Premises and leave the Premises in a clean and orderly condition.
• Abandoned Property: Any property left behind after move-out will be handled according to Alaska Statute AS 34.03.260.
• Security Deposit Return: Landlord shall return the security deposit, less any deductions for damages beyond normal wear and tear, within the time period required by Alaska law.

11. Signage

• Signage: Tenant’s signage must comply with office/business use and local Alaska ordinances.

12. Compliance with Laws

• Tenant shall comply with all applicable Alaska state, municipal, borough, and local ordinances, including business licensing, hazardous material handling restrictions, fire codes, and ADA requirements.

13. Indemnification

• Tenant shall indemnify and hold harmless Landlord from and against any and all claims, losses, damages, liabilities, and expenses arising out of Tenant’s use of the Premises.

14. Casualty Loss and Condemnation

• In the event of casualty loss or condemnation, this Lease shall [Terminate/Continue/Abate Rent Proportionally] depending on the extent of the damage or taking.

15. Default

• Remedy for Tenant Default: If Tenant defaults in the payment of rent or fails to comply with any other term or condition of this Lease, Landlord shall provide written notice of the default and allow Tenant [Number] days to cure the default. Cure periods shall be as required by Alaska law.
• Remedy for Landlord Default: If Landlord defaults in the performance of any of its obligations under this Lease, Tenant shall provide written notice of the default and allow Landlord [Number] days to cure the default.

16. Dispute Resolution

• Any dispute arising out of or relating to this Lease shall be resolved through [Negotiation/Mediation/Arbitration/Litigation].
• Venue and jurisdiction for any legal action shall be in the appropriate Alaska state courts.

17. Landlord's Right of Entry

• Landlord shall have the right to enter the Premises for inspection, repairs, or to show the Premises to prospective tenants, subject to reasonable notice.

18. Property Exclusions

• The following areas are excluded from the leased Premises: [List of Excluded Areas, e.g., storage rooms, mechanical rooms].

19. Alaska Legal Requirements

• Disclosure: Landlord discloses that [Disclose building ownership information per AS Title 34].
• Lead-Based Paint: If the building was constructed prior to 1978, Landlord shall provide Tenant with a lead-based paint disclosure.
• Smoking/Cannabis/Alcohol: Smoking, cannabis, and alcohol use on the premises are [Permitted/Prohibited/Restricted] according to state and Anchorage municipal ordinances.

20. Notices

• All notices required or permitted under this Lease shall be in writing and shall be deemed to have been duly given when delivered personally or sent by certified mail, return receipt requested, to the addresses set forth above.

21. Taxes

• [Tenant/Landlord] is responsible for local business taxes or personal property tax on owned business equipment.

22. Leasehold Mortgage

• This Lease shall be [Subordinate/Superior] to any mortgage or deed of trust now or hereafter placed upon the Property.

23. Environmental Compliance

• Tenant shall comply with all applicable environmental regulations.

24. Common Property Improvements and Maintenance

• Landlord shall be responsible for maintaining accessibility ramps, snow/ice removal, and roof-load management.

25. Entire Agreement

This Lease constitutes the entire agreement between the parties and supersedes all prior or contemporaneous communications and proposals, whether oral or written, relating to the subject matter hereof.

IN WITNESS WHEREOF, the parties have executed this Lease as of the date first written above.

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[Landlord Name]

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[Tenant Name]