(a) At the time of the first conveyance of each apartment, every mortgage, deed of trust, lien, or other encumbrance affecting the apartment, including the percentage of undivided interest of the apartment in the common areas and facilities, shall be paid and satisfied of record, or the apartment being conveyed and its percentage of undivided interest in the common areas and facilities shall be released by a recorded partial release.
(b) A partial waiver of lien claims created under AS 34.35.050 - 34.35.120 (mechanics liens) on unsold apartments may be obtained by following the procedures specified in AS 34.35.119.
Structure Alaska Statutes
Chapter 07. Horizontal Property Regimes Act
Article 2. Apartment Ownership and Conveyancing.
Sec. 34.07.080. Apartment classified as real property.
Sec. 34.07.090. Apartment ownership and possession.
Sec. 34.07.120. Liability of grantee for unpaid common expenses at time of conveyance.
Sec. 34.07.140. Grantee entitled to statement of unpaid assessments.