- Alaska Statutes.
- Title 34. Property
- Chapter 7. Horizontal Property Regimes Act
- Section 420. Removal of Lien Against Two or More Apartments.
previous: Section 410
. Liens Against Property, Apartments, Common Areas, and Facilities.
next: Section 430
. Assessment and Taxation of Apartments.
AS 34.07.420. Removal of Lien Against Two or More Apartments.
- (a) If a lien against two or more apartments becomes effective, the apartment owners of the separate apartments may remove
their apartments and the percentage of undivided interest in the common areas and facilities appurtenant to the
apartments from the lien by payment of the fractional or proportional amounts attributable to each of the apartments
affected. The individual payments are computed by reference to the percentage appearing on the declaration.
- (b) After payment, discharge, or satisfaction of the lien, the apartment and the percentage of undivided interest in the
common areas and facilities appurtenant to it are free and clear of the liens paid, satisfied, or discharged. The
partial payment, satisfaction, or discharge does not prevent the lienor from proceeding to enforce the lienor's rights
against any apartment and the percentage of undivided interest in the common areas and facilities appurtenant to it not
paid, satisfied, or discharged.
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