AS §34.08.590
Common Interest Ownership Act — Resales of Units
Requires unit owners to furnish purchasers with copies of the declaration, bylaws, rules, and a certificate disclosing 14 categories of information before contract execution or conveyance. Certificate must include restraints on alienability, monthly assessments and unpaid amounts, other fees, capital expenditures over $3,000, reserve amounts, balance sheet and income/expense statements, operating budget, pending litigation, insurance coverage, and code violations. Association must furnish within 10 days of written request and payment of a reasonable fee. Purchaser not liable for unpaid assessments exceeding certificate amount. Contract voidable by purchaser until certificate provided and for 5 days after receipt.
Statutory Text
Verified Apr 17, 2026 · AK_OFFICIAL
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Disclosure
| Ref | Requirement |
|---|---|
| Requires unit owners to furnish purchasers with copies of the declaration, bylaws, rules, and a certificate disclosing 14 categories of information before contract execution or conveyance. | |
| Purchaser not liable for unpaid assessments exceeding certificate amount. | |
| (b) | Within 10 days after a written request by a unit owner |
| (c) | Voidable by the purchaser until the certificate has been provided and for five days after |
Financial
| Ref | Requirement |
|---|---|
| Certificate must include restraints on alienability, monthly assessments and unpaid amounts, other fees, capital expenditures over $3,000, reserve amounts, balance sheet and income/expense statements, operating budget, pending litigation, insurance coverage, and code violations. | |
| Association must furnish within 10 days of written request and payment of a reasonable fee. |
Legal references last verified April 15, 2026.
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