Alaska Statutes: AS 34.07.180. Alteration of Common Areas and Facilities Ownership.

Alaska Statutes. Title 34. Property Chapter 7. Horizontal Property Regimes Act Section 180. Alteration of Common Areas and Facilities Ownership.

previous: Section 170. Nonexclusive Easement to Use Common Areas and Facilities.
next: Section 190. Partition of Common Areas and Facilities Ownership Prohibited.

AS 34.07.180. Alteration of Common Areas and Facilities Ownership.

(a) The percentage of the undivided interest of each apartment owner in the common areas and facilities as expressed in the declaration may not be altered except in accordance with procedures set out in the bylaws and by amending the declaration.
(b) The bylaws must provide for a periodic reappraisal of the apartments and the common areas and facilities together with a recomputation, if required, of the percentage of the undivided interest of each apartment owner in the common areas and facilities.

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.