This bill amends Alaska's rental laws to limit the frequency and conditions under which landlords can increase rent for dwelling units. Specifically, it establishes that a landlord may only increase rent once per calendar year and must provide tenants with written notice at least 90 days prior to the increase. Additionally, if a rental agreement or month-to-month tenancy is terminated, the rent for any subsequent agreement cannot exceed the previous amount until the specified increase date, provided the tenant was given proper notice. If no notice was given, the rent cannot exceed the previous amount for 90 days following the termination.

Furthermore, the bill clarifies that these new provisions apply only to rental agreements entered into on or after the effective date of the Act. This ensures that existing agreements are not retroactively affected by the new regulations.

Statutes affected:
HB0115A, AM HB 115, introduced 02/26/2025: 34.03.020