Vozar v. Francis

OPINION

DIMOND, Justice Pro Tem.

Paul and Sandra Vozar, the plaintiffs in the Superior Court, and Richard and Kay Francis, the defendants, executed a document called an “Option to Purchase Agreement.” Under its terms, plaintiffs agreed to rent to defendants a certain lot with a house on it in or near Kenai, Alaska, with an option to purchase the property. Payment “of the said property” was to be $250.00 a month including interest at nine percent per annum. The agreement provided that if defendants “abides [sic] by the State of Alaska Uniform Residential Landlord and Tenant Act and desires in…