A lease-purchase agreement may not contain

(1) a confession of judgment;

Terms Used In Alaska Statutes 45.35.040

  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • Personal property: All property that is not real property.
  • personal property: includes money, goods, chattels, things in action, and evidences of debt. See Alaska Statutes 01.10.060
(2) a negotiable instrument;
(3) a security interest in, or another claim on, real or personal property that is not the subject of the agreement;
(4) a wage assignment;
(5) an assignment of an Alaska permanent fund dividend;
(6) a waiver by the consumer of claims or defenses relating to the agreement;
(7) a provision authorizing the lessor or a person acting on the lessor’s behalf to enter the consumer’s premises or to commit a breach of the peace in the repossession of personal property;
(8) an agreement by the consumer to pay attorney fees and costs, except as allowed under court rules.