Anchorage allows fully voluntary cash-for-keys agreements, in which a landlord pays a tenant to vacate by an agreed date. There is no required minimum payment, and Alaska URLTA AS §34.03 enforces such agreements as ordinary contract settlements.
Cash-for-keys is a private contract between landlord and tenant resolving a tenancy without an eviction filing. Anchorage neither requires nor caps these payments. Properly drafted, the agreement releases both parties from outstanding rent claims, sets a vacate date, transfers keys, and addresses the security deposit. Tenants should not surrender possession until receiving payment and signing a written release. Landlords benefit by avoiding court costs and vacancy delays. Because Alaska does not require just-cause or relocation pay, cash-for-keys is often the practical bridge to a faster turnover. Local nonprofits can occasionally help tenants negotiate, but no government office mediates these deals.
If a tenant accepts payment and refuses to vacate, the landlord may sue for breach and pursue eviction under AS §09.45. If a landlord retracts a written cash-for-keys deal, the tenant may sue for breach of contract.
Anchorage, AK
Under Alaska's Uniform Residential Landlord and Tenant Act, AS §34.03.070, security deposits in Anchorage are capped at two months' rent (excluding pet depos...
Anchorage, AK
Anchorage follows Alaska URLTA, which permits no-fault termination of month-to-month tenancies on 30 days' written notice. There is no local just-cause requi...
See how Anchorage's cash-for-keys agreements rules stack up against other locations.
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