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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Recording a memorandum of lease substantially complying with (b) of this section has the same effect as recording the lease.
(b) A memorandum of lease is a document signed by the lessor and lessee and containing a reference to an unrecorded lease, sublease, or agreement to lease or sublease, and supplying at least the following information:
(1) the names of the parties;
(2) addresses of the parties set out in the lease;
(3) the date of the lease;
(4) a description of the real property leased or subleased;
(5) the commencement and termination dates of the lease if fixed and, if not fixed, the method by which the dates are to be fixed; and
(6) a statement of the conditions upon which a party may exercise a right to extend or renew the lease or to exercise a right to purchase or refuse to purchase the real property or part of it.
Cite this article: FindLaw.com - Alaska Statutes Title 40. Public Records and Recorders § 40.17.120. Recording memorandum of lease - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-40-public-records-and-recorders/ak-st-sect-40-17-120/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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