This bill amends Alaska's rental laws to regulate how often landlords can increase rent for dwelling units. Specifically, it establishes that landlords may not raise rent more than once per calendar year and must provide tenants with written notice at least 90 days prior to any increase. If a rental agreement or month-to-month tenancy is terminated, the bill stipulates that 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 includes a provision stating that it applies only to rental agreements entered into on or after its effective date. This ensures that the new regulations will not retroactively affect existing rental agreements, thereby providing clarity and protection for both landlords and tenants moving forward.

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