Plain English Breakdown
The bill has passed both chambers but lacks an assigned effective date in the provided metadata, so the exact start time of enforcement remains unknown.
Rules for Raising Rent in Alaska
This law limits landlords from raising rent more than once a year and requires at least 90 days' written notice before an increase takes effect.
What This Bill Does
- Limits a landlord from increasing the rent on a dwelling unit more than once in one calendar year.
- Requires landlords to give tenants at least 90 days of written notice before raising rent if the tenant is current on payments.
- Prevents new rental agreements or month-to-month tenancies from charging higher rent until after the date specified in the landlord's notice, if notice was given.
- Keeps rent at the previous level for 90 days after a lease ends if no prior written notice of an increase was given to the tenant.
Who It Names or Affects
- Landlords who own or manage dwelling units
- Tenants living in rental housing under current leases or month-to-month agreements
Terms To Know
- Dwelling unit
- A place where a person lives, such as an apartment or house.
- Month to month tenancy
- A rental agreement that continues each month until either the landlord or tenant ends it.
Limits and Unknowns
- This law only applies to new rental agreements signed on or after the date this act becomes effective.
- The official source does not list a specific calendar year for when these rules begin because the effective date is blank in the provided text.