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AS 34.07.120

Liability of grantee for unpaid common expenses at time of conveyance

Known as the Horizontal Property Regimes Act

The act spans §§ 34–34 (47 sections).

In a voluntary conveyance the grantee of an apartment is jointly and severally liable with the grantor for all unpaid assessments against the latter for the grantor's share of the common expenses up to the time of the grantor's conveyance, without prejudice to the grantee's right to recover from the grantor the amounts paid on the assessments by the grantee.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.