HB 251: "An Act prohibiting the use of certain restrictive provisions in leases of space for business use; and adding an unlawful act to the Alaska Unfair Trade Practices and Consumer Protection Act."
00 HOUSE BILL NO. 251 01 "An Act prohibiting the use of certain restrictive provisions in leases of space for 02 business use; and adding an unlawful act to the Alaska Unfair Trade Practices and 03 Consumer Protection Act." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 45.50.471(b) is amended by adding a new paragraph to read: 06 (58) violating AS 45.50.476 (prohibited lease provision). 07 * Sec. 2. AS 45.50 is amended by adding a new section to read: 08 Sec. 45.50.476. Prohibited lease provision. A lease of space for business use 09 may not include a provision that prohibits or otherwise prevents a party to the lease 10 from 11 (1) selling or leasing that party's real property, including an interest in 12 real property, to a person who is not a party to the lease and who intends to use the 13 real property or interest for the operation of a business that is the same as or similar to 14 a business, or part of a business, owned or engaged in by another party to the lease;
01 (2) assisting or facilitating a person who is not a party to the lease to 02 operate a business that is the same as or similar to a business, or part of a business, 03 owned or engaged in by another party to the lease; or 04 (3) engaging, directly or indirectly, by itself or with another person, in 05 a business that is the same as or similar to a business, or part of a business, owned or 06 engaged in by another party to the lease. 07 * Sec. 3. The uncodified law of the State of Alaska is amended by adding a new section to 08 read: 09 APPLICABILITY. This Act applies to leases entered into on or after the effective date 10 of this Act.