- Alaska Statutes.
- Title 34. Property
- Chapter 7. Horizontal Property Regimes Act
- Section 130. Person Obtaining Possession Upon Foreclosure of Apartment Not Liable For Common Expenses.
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. Liability of Grantee For Unpaid Common Expenses at Time of Conveyance.
next: Section 140
. Grantee Entitled to Statement of Unpaid Assessments.
AS 34.07.130. Person Obtaining Possession Upon Foreclosure of Apartment Not Liable For Common Expenses.
If a mortgagee of a recorded mortgage or a trustee of a recorded deed of trust or other purchaser of an apartment
obtains possession of the apartment as a result of foreclosure of the mortgage or deed of trust, the possessor, and
successors and assigns of the possessor are not liable for the share of the common expenses or assessments by the
association of apartment owners chargeable to the apartment that became due before possession. This unpaid share of
common expenses or assessments is a common expense collectable from all of the apartment owners including the possessor
and successors and assigns of the possessor.
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