Alaska § 38.07.020 - Provisions of lease.
Full text of Alaska Alaska Statutes § 38.07.020 — Provisions of lease., with citation guidance and answers to common questions.
§ 38.07.020. Provisions of lease.
(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.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 38.07.020
What does Alaska Statutes § 38.07.020 cover?
Section 38.07.020 ("Provisions of lease.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 38.07.020?
A common citation format is "Alaska Statutes § 38.07.020" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 38.07.020 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.