The Alaska lease to own agreement records the necessary facts surrounding a residential rental arrangement, while additionally putting forth an option to purchase the property upon lease termination. Included in the contract is the information utilized in a typical real estate lease to protect both the landlord and tenant, setting forth the term duration and payment amount. The form will also provide language on the option to buy once the rental period has expired. The extended option has allocated space to determine if there is a fee associated with the granted first right of refusal, as well as a place to dictate the period length in which to respond.