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AS
34.03.070. Security Deposits and Prepaid Rent.
a) A
landlord may not demand or receive prepaid rent or a
security deposit, however denominated, in an amount or
value in excess of two months' periodic rent. This
section does not apply to rental units where the rent
exceeds $2,000 a month.
(b) Upon termination of
the tenancy, property or money held by the landlord as
prepaid rent or as a security deposit may be applied
to the payment of accrued rent and the amount of
damages that the landlord has suffered by reason of
the tenant's noncompliance with AS 34.03.120
. The accrued rent and damages must be itemized by the
landlord in a written notice mailed to the tenant's
last known address within the time limit prescribed by
(g) of this section, together with the amount due the
tenant.
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Security Deposits.
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