Deposit rules / Alaska

Alaska security deposit rules

Alaska limits security deposits to 2 months' rent (cap does not apply to units renting for more than $2,000/month); plus an optional additional pet deposit of up to 1 month's rent. The deposit must be returned 14 days after termination and delivery of possession if the tenant gave proper notice under AS 34.03.290 (30 days if the landlord deducts for damages, or if the tenant did not give proper notice), with an itemised list of any deductions. No interest is owed on the deposit under state law.

Maximum deposit
2 months’ rent
2 months' rent (cap does not apply to units renting for more than $2,000/month); plus an optional additional pet deposit of up to 1 month's rent
Return deadline
14 days
14 days after termination and delivery of possession if the tenant gave proper notice under AS 34.03.290 (30 days if the landlord deducts for damages, or if the tenant did not give proper notice)
Interest
Not required
Statute

What the law requires

Alaska Stat. § 34.03.070

2 months' rent (cap does not apply to units renting for more than $2,000/month); plus an optional additional pet deposit of up to 1 month's rent. Returned 14 days after termination and delivery of possession if the tenant gave proper notice under AS 34.03.290 (30 days if the landlord deducts for damages, or if the tenant did not give proper notice). Statute text read on FindLaw (akleg.gov and Justia returned 403; touchngo mirror refused connection). Deposits must be held in a trust account (§ 34.03.070(c)) but the statute does not require interest to be paid to the tenant. Wrongful withholding = up to double damages. No 2024-2026 amendments located.

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Related Alaska rules

Frequently asked questions

How much can a landlord charge for a security deposit in Alaska?

2 months' rent (cap does not apply to units renting for more than $2,000/month); plus an optional additional pet deposit of up to 1 month's rent. Statute text read on FindLaw (akleg.gov and Justia returned 403; touchngo mirror refused connection). Deposits must be held in a trust account (§ 34.03.070(c)) but the statute does not require interest to be paid to the tenant. Wrongful withholding = up to double damages. No 2024-2026 amendments located.

How long does a landlord have to return a security deposit in Alaska?

14 days after termination and delivery of possession if the tenant gave proper notice under AS 34.03.290 (30 days if the landlord deducts for damages, or if the tenant did not give proper notice). The statute is Alaska Stat. § 34.03.070.

Does a Alaska landlord have to pay interest on the security deposit?

No. Alaska law does not require interest on residential security deposits.

Are pet deposits limited in Alaska?

A landlord may collect an additional pet security deposit (non-service animal) of up to one month's rent, accounted for separately and applied only to pet-related damage (AS 34.03.070(h)).

Deposit rules in other states