The 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 not raise the rent more than once per calendar year and must provide written notice to the tenant at least 90 days prior to any increase. 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 has been notified. If no notice has been given, the rent cannot exceed the previous amount for 90 days following the termination.

Additionally, the bill clarifies that these new provisions apply only to rental agreements entered into on or after the effective date of the Act. This aims to protect tenants from sudden rent increases and ensure they have adequate notice before any changes to their rental costs.

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