1. (a) Unless the lease, permit, or concession provides otherwise, if the department has not directed the lessee, permittee, or concessionaire to vacate the premises upon expiration of the lease, permit, or concession, then if the lessee, permittee, or concessionaire continues to occupy the premises in holdover after the expiration of a lease, permit, or concession, the holdover ends on the earliest of the following:

   1. (1) the date on which the department and the lessee, permittee, or concessionaire execute

      1. (A) a term extension for the lease, permit, or concession; or
      2. (B) a lease, permit, or concession for the premises;
   2. (2) the date on which the department or the lessee, permittee, or concessionaire terminates the holdover upon not less than 30 days' notice;
   3. (3) the 180th day after the expiration of the lease, permit, or concession.
2. (b) The department may extend a holdover under this section for not more than an additional 180 days upon a written finding of good cause.

(Eff. 3/22/2008, Register 185)

Authority: AS 02.15.020, AS 02.15.060, AS 02.15.090, AS 02.15.210