Property Ownership
In Alaska, the doctrine of 'waste' in real estate means that:
AGarbage must be disposed of by the property owner
BA person holding a limited property interest (life tenant, tenant) must not damage or diminish the property's value for those with future interests✓ Correct
CProperty owners must maintain landscaping to prevent waste of natural resources
DTenants may not waste water in rental units
Explanation
The doctrine of waste prohibits persons holding limited property interests — such as life tenants, lessees, or mortgagors — from damaging or significantly diminishing the value of the property at the expense of those who have remainder or reversionary interests. Voluntary waste (active damage) and permissive waste (allowing deterioration) are both actionable.
Related Alaska Property Ownership Questions
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