AS 34.07 (Horizontal Property Regimes Act)
Alaska's original condominium statute, governing horizontal property regimes (condominiums) created in the state before January 1, 1986. It covers how a regime is formed and recorded, ownership and use of apartments and common areas, the association's assessment lien and collection remedies, and basic owner disclosure duties on resale. Select provisions of the newer common interest ownership act also extend forward to cover these older condominiums.
AS 34.07.140 (Statement of unpaid assessments)
Under Alaska's older condominium statute, entitles a purchaser to a statement from the association's manager or board showing the seller's unpaid assessment balance before the sale closes. The statement is binding once given, so the buyer and the unit cannot be held for unpaid assessments beyond what it discloses.
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