Section 34.08.090. Creation of common interest communities.

   (a) A common interest community may be created under this chapter only by recording a declaration executed in the same manner as a deed and, in a cooperative, by conveying the real estate subject to the declaration to the association.  The declaration must be recorded, and a plat or plan that is part of the declaration filed and recorded, in each recording district in which a portion of the common interest community is located and must be indexed in the grantee's index in the name of the common interest community and the association and in the grantor's index in the name of each person executing the declaration.
   (b) In a condominium, a declaration or an amendment to a declaration that adds a unit may not be recorded, and a plat or plan that is part of the declaration may not be filed or recorded, unless the structural components and mechanical systems of each building containing or comprising a unit of the condominium are completed substantially in accordance with the plans, as evidenced by a certificate of completion recorded with the declaration or amendment to the declaration and executed by
        (1) an independent registered engineer, architect, or land surveyor;
        (2) an appraiser with the designation of senior residential appraiser, senior real property appraiser, or senior real estate analyst of the Society of Real Estate Appraisers;
        (3) a residential member, or member of the appraisal institute, of the American Institute of Real Estate Appraisers; or
        (4) an individual with a designation established by regulation of the Alaska Housing Finance Corporation for fee appraisers who certify the completion of construction.

Authorities

34.08.170;40.17.110

Notes

References

AS 34.08.170 Plats and plans.
AS 40.17.110 Documents eligible for recording.

History

(Sec. 1 ch 95 SLA 1985; am Sec. 12 ch 161 SLA 1988)