- Alaska Statutes.
- Title 34. Property
- Chapter 8. Common Interest Ownership
- Section 360. Termination of Contracts and Leases of Declarant.
previous: Section 350
. Transfer of Special Declarant Rights.
next: Section 370
AS 34.08.360. Termination of Contracts and Leases of Declarant.
- (a) If entered into before the executive board elected by the unit owners under AS 34.08.330
(f) takes office (1) a management contract, employment contract, or lease of recreational or parking areas or
facilities; (2) a contract or lease between the association and a declarant or an affiliate of a declarant; or (3) a
contract or lease that is not bona fide or was unconscionable to the unit owners at the time entered into under the
circumstances then prevailing may be terminated without penalty by the association at any time after the executive
board elected by the unit owners under AS 34.08.330
(f) takes office upon not less than 90 days' notice to the other party.
- (b) This section does not apply to
- (1) a lease if a termination of the lease would terminate the common interest community or reduce its size, unless the
real estate subject to the lease was included in the common interest community for the purpose of avoiding the right of
the association to terminate a lease under this section; or
- (2) a proprietary lease.
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.