Alaska § 45.12.501 - Default: procedure.
Full text of Alaska Alaska Statutes § 45.12.501 — Default: procedure., with citation guidance and answers to common questions.
§ 45.12.501. Default: procedure.
(a) Whether the lessor or the lessee is in default under a lease contract is determined by the lease agreement and this chapter.
(b) If the lessor or the lessee is in default under the lease contract, the party seeking enforcement has rights and remedies as provided in this chapter and, except as limited by this chapter, as provided in the lease agreement.
(c) If the lessor or the lessee is in default under the lease contract, the party seeking enforcement may reduce the party's claim to judgment, or otherwise enforce the lease contract by self-help or any available judicial procedure or nonjudicial procedure, including administrative proceeding, arbitration, or the like, under this chapter.
(d) Except as otherwise provided in AS 45.01.305 (a) or this chapter or the lease agreement, the rights and remedies referred to in (b) and (c) of this section are cumulative.
(e) If the lease agreement covers both real property and goods, the party seeking enforcement may proceed under AS 45.12.501 — 45.12.532 as to the goods, or under other applicable law as to both the real property and the goods in accordance with that party's rights and remedies in respect of the real property, in which case AS 45.12.501 — 45.12.532 do not apply.
Frequently Asked Questions About Alaska § 45.12.501
What does Alaska Statutes § 45.12.501 cover?
Section 45.12.501 ("Default: procedure.") 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 § 45.12.501?
A common citation format is "Alaska Statutes § 45.12.501" (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 § 45.12.501 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.