Alaska Statutes (Last Updated: January 11, 2017) |
Title 34. PROPERTY. |
Chapter 34.07. HORIZONTAL PROPERTY REGIMES ACT. |
Article 34.07.03. COMMON AREAS AND FACILITIES OWNED WITH APARTMENTS. |
Section 34.07.160. Common areas and facilities ownership.
Latest version.
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(a) Each apartment owner has the common right to a share, with other apartment owners, in the common areas and facilities.
(b) Each apartment owner is entitled to an undivided interest in the common areas and facilities in the percentage expressed in the declaration. The percentage is computed by taking as a basis the value of the apartment in relation to the value of the property.
Notes
History
(Sec. 1 ch 44 SLA 1963)