AS §34.08.470
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Common Interest Ownership Act — Lien for Assessments
Association has a lien on a unit from the time an assessment or fine becomes due. The lien is prior to all other liens except liens recorded before the declaration, first security interests recorded before the assessment became delinquent, and government tax liens. Includes a 6-month super-priority provision: the association's lien takes priority over first security interests for assessments that would have become due during the 6 months immediately preceding institution of an enforcement action. Lien extinguished unless proceedings instituted within 3 years after assessment becomes due. Recording the declaration constitutes perfection.
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Statutory Text
Verified Apr 17, 2026 · AK_OFFICIAL
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Assessment
| Ref | Requirement |
|---|---|
| Association has a lien on a unit from the time an assessment or fine becomes due. | |
| (b) | Six months immediately preceding institution of an action to enforce the lien |
| (e) | Extinguished unless proceedings to enforce the lien are instituted within three years |
Enforcement
| Ref | Requirement |
|---|---|
| Lien extinguished unless proceedings instituted within 3 years after assessment becomes due. | |
| The lien is prior to all other liens except liens recorded before the declaration, first security interests recorded before the assessment became delinquent, and government tax liens. | |
| Includes a 6-month super-priority provision: the association's lien takes priority over first security interests for assessments that would have become due during the 6 months immediately preceding institution of an enforcement action. |
Other sections in this chapter
- AS §34.08.010 — Common Interest Ownership Act — Applicability
- AS §34.08.320 — Common Interest Ownership Act — Powers of Association
- AS §34.08.330 — Common Interest Ownership Act — Executive Board Members and Officers
- AS §34.08.340 — Common Interest Ownership Act — Transfer of Association Control
- AS §34.08.390 — Common Interest Ownership Act — Meetings
- AS §34.08.440 — Common Interest Ownership Act — Insurance
- AS §34.08.460 — Common Interest Ownership Act — Assessments for Common Expenses
- AS §34.08.590 — Common Interest Ownership Act — Resales of Units
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