The Alaska sublease agreement validates an arrangement for a subtenant to take possession, right of use, and responsibility of a property from a  current tenant in exchange for a monetary sum. In the instance that a tenant desires to rent the existing premises to another individual, the contract can be utilized to set forth the provisions of the agreement. The document states the information concerning the tenant’s identity, duration of the tenancy, rental payment specifics, and other conditions. The form is to be additionally confirmed via signature from the landlord to be legally binding.