There is a newer version
of
this Section
2021 Alaska Statutes
Title 38. Public Land
Chapter 07. Clearing and Draining of Agricultural Land
Sec. 38.07.020. Provisions of lease.
Universal Citation:
AK Stat § 38.07.020 (2021)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
(a) A lease under AS 38.07.010(b) shall be for 10 years with an option for a five-year renewal.
(b) Before a lessee can apply for ownership of the land, the lessee must crop the land for at least seven years. If a lessee does not crop the land for at least seven years during the lease, the land shall be open again for competitive lease.
(c) All rent the lessee has paid on the lease less interest on appraised value is to be applied toward the purchase price.
(d) There shall be included in the lease agreement a provision prohibiting more than one farm unit on each half section of land.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.