Alaska HOA & condo compliance, with the statute behind every deadline
Alaska regulates condominiums, cooperatives, and planned communities (Alaska's own term for what this product calls an HOA) under one law: the Uniform Common Interest Ownership Act, AS 34.08. Coverage turns on a January 1, 1986 effective date — a community created on or after that date gets the full Act, an older one gets only a shorter reach-back list of duties, and either one can instead fall into a narrow exemption for a low-cost planned community, a small pre-1986 community, or a fully nonresidential community. GnomeOwner's compliance calendar tracks the duties that reach a self-managed Alaska association either way, and shows the exact statute sentence behind each one, not just a due date.
One honest gap worth knowing up front: unlike some other common-interest-ownership states, Alaska never requires funding a reserve at all — see the fact below.
Alaska never requires your association to fund a reserve
Alaska's Act lists reserve budgeting among the association's general powers, not its duties — the association "may... adopt and amend budgets for revenues, expenditures, and reserves." There's no "shall fund adequate reserves" language anywhere in the chapter, no required percentage, and no reserve-study mandate: reserve funding is entirely a voluntary board choice. GnomeOwner tracks this honestly as a recommended best practice, never as a red, overdue item, because the statute genuinely doesn't require it.
“adopt and amend budgets for revenues, expenditures, and reserves and collect assessments for common expenses from unit owners”
A few of the duties GnomeOwner tracks for Alaska common interest communities — condominiums, cooperatives, and planned communities — governed by the Uniform Common Interest Ownership Act, AS 34.08
Every deadline here shows you the exact sentence of the statute it comes from, so you — or your attorney — can check it in seconds.
Hold the annual meeting of the association
Hold a meeting of the association at least once each year.
Applies to an Alaska common interest community created on or after January 1, 1986 that doesn't fit the Act's low-cap-planned-community or all-nonresidential exemptions.
“A meeting of the association must be held at least once each year.”
Give 10-60 days' notice of every annual or special meeting
Not less than 10 nor more than 60 days before an annual or special meeting, hand-deliver or mail notice to each unit's mailing address (or the address a unit owner has designated in writing), stating the meeting's time and place and the items on the agenda — including the general nature of any proposed declaration or bylaw amendment, budget changes, and any proposal to remove an officer or executive board member.
Applies to an Alaska common interest community created on or after January 1, 1986 that doesn't fit the Act's low-cap-planned-community or all-nonresidential exemptions.
“Not less than 10 nor more than 60 days in advance of a meeting, the secretary or other officer specified in the bylaws shall cause notice to be hand-delivered or sent prepaid by United States mail to the mailing address of each unit or to the mailing address designated in writing by the unit owner.”
Maintain property and liability insurance
Starting no later than the first conveyance of a unit to someone other than the declarant, maintain — to the extent reasonably available — property insurance on the common elements for at least 100% of actual cash value, plus liability insurance (including medical payments coverage) in an amount the executive board sets, but not less than any amount the declaration specifies.
Applies to an Alaska common interest community created on or after January 1, 1986 that doesn't fit the Act's low-cap-planned-community or all-nonresidential exemptions.
“the association shall maintain, to the extent reasonably available, (1) property insurance on the common elements and, in a planned community, on property that must become common elements, insuring against all risks of direct physical loss commonly insured against or, in the case of conversion property, against fire and extended coverage perils, and the total amount of insurance after application of any deductibles must be not less than 100 percent of the actual cash value of the insured property at the time the insurance is purchased and at each renewal date, exclusive of land, excavations, foundations, and other items normally excluded from property policies”
Assess common expenses at least annually, based on an adopted budget
Until the association makes its first common-expense assessment, the declarant pays all common expenses. After that, assess common expenses at least annually, based on a budget the association adopts at least annually.
Applies to an Alaska common interest community created on or after January 1, 1986 that doesn't fit the Act's low-cap-planned-community or all-nonresidential exemptions.
“assessments must be made at least annually, based on a budget adopted at least annually by the association.”
Give owners a budget summary and set a ratification meeting within 30 days of adopting the budget
Within 30 days after the executive board adopts a proposed budget, provide a summary of the budget to every unit owner, and set a date for a unit owners' meeting to consider ratifying the budget — not less than 14 nor more than 30 days after mailing the summary. The budget is ratified unless a majority of ALL unit owners reject it at that meeting, whether or not a quorum is present.
Applies to an Alaska common interest community created on or after January 1, 1986 that doesn't fit the Act's low-cap-planned-community or all-nonresidential exemptions.
“Within 30 days after adoption of a proposed budget for the common interest community, the executive board shall provide a summary of the budget to each unit owner, and shall set a date for a meeting of the unit owners to consider ratification of the budget not less than 14 nor more than 30 days after mailing of the summary.”
Give notice and an opportunity to be heard before levying a fine
Before levying a fine for a violation of the declaration, bylaws, or rules and regulations, give the unit owner notice and an opportunity to be heard.
Applies to every Alaska common interest community the Act covers at all — a community created on or after January 1, 1986, and an older one with more than 12 units or still subject to development rights — as long as it isn't restricted entirely to nonresidential use. AS 34.08.070(a) excuses an all-nonresidential common interest community of any age down to a short, always-owed list of sections, so a nonresidential older community falls into that exemption instead of this reach-back list. Your executive board is considering levying a fine against a unit owner for a violation of the declaration, bylaws, or rules and regulations.
“after notice and an opportunity to be heard, levy a reasonable fine for a violation of the declaration, bylaws, rules, and regulations of the association”
Consider budgeting for reserves as part of the annual budget
Alaska gives the association the power, not a requirement, to include reserves in its budget — a board can choose to set money aside for future repairs and replacements as part of adopting each year's budget.
Applies to every Alaska common interest community the Act covers at all — a community created on or after January 1, 1986, and an older one with more than 12 units or still subject to development rights — as long as it isn't restricted entirely to nonresidential use. AS 34.08.070(a) excuses an all-nonresidential common interest community of any age down to a short, always-owed list of sections, so a nonresidential older community falls into that exemption instead of this reach-back list.
“adopt and amend budgets for revenues, expenditures, and reserves and collect assessments for common expenses from unit owners”
Keep detailed financial records and make them available to owners
Keep financial records detailed enough to prepare a resale certificate on request, and make the association's financial and other records reasonably available for examination by a unit owner or their authorized agent.
Applies to every Alaska common interest community the Act covers at all — a community created on or after January 1, 1986, and an older one with more than 12 units or still subject to development rights — as long as it isn't restricted entirely to nonresidential use. AS 34.08.070(a) excuses an all-nonresidential common interest community of any age down to a short, always-owed list of sections, so a nonresidential older community falls into that exemption instead of this reach-back list.
“The association shall keep financial records sufficiently detailed to enable the association to comply with AS 34.08.590. Financial and other records must be made reasonably available for examination by a unit owner and an authorized agent of a unit owner.”
Furnish a resale certificate within 10 days of a unit owner's request
Within 10 days after a unit owner's written request and payment of a reasonable fee, furnish the certificate covering assessments and other fees due on the unit, any capital expenditures over $3,000 approved for the current and next two fiscal years, reserves for capital expenditures, the association's balance sheet and current budget, any unsatisfied judgments or pending suits, and insurance coverage.
Applies to every Alaska common interest community the Act covers at all — a community created on or after January 1, 1986, and an older one with more than 12 units or still subject to development rights — as long as it isn't restricted entirely to nonresidential use. AS 34.08.070(a) excuses an all-nonresidential common interest community of any age down to a short, always-owed list of sections, so a nonresidential older community falls into that exemption instead of this reach-back list. A unit owner has asked, in writing, for the certificate they need to give a buyer before selling their unit. Alaska excuses several specific dispositions from this duty entirely — a gift, a court-ordered or government disposition, a foreclosure, a sale to a dealer, and a freely cancelable sale.
“The association, within 10 days after a written request by a unit owner and the payment of a reasonable fee, shall furnish a certificate containing the information necessary to enable the unit owner to comply with this section.”
Every item above is drafted from Alaska’s statute text and shown beside the exact sentence it comes from — check any claim against the law’s own words. This page hasn’t had a full attorney review. Confirm anything you plan to act on with your own attorney or CPA; law as reflected here is current as of 2026-08-16.
This calendar is built from a Justia mirror of AS 34.08, self-labeled the "2025 Alaska Statutes" — unlike some other states' official-legislature sources, this mirror carries no per-section amendment history, so no individual section's exact current-through session could be confirmed. Confirm current law with your attorney before relying on any exact figure or deadline.
Alaska questions we hear a lot
What are an Alaska HOA or condo association's annual requirements?
A meeting of the association at least once a year, with 10-to-60 days' notice stating the agenda (AS 34.08.390); property insurance on the common elements for at least 100% of actual cash value, plus liability insurance (§ 34.08.440(a)); and assessing common expenses at least annually, based on an adopted budget (§ 34.08.460(a)). GnomeOwner's calendar tracks each one with its own due date and statute citation.
Does Alaska require HOA or condo reserve funds?
No — reserve funding is entirely discretionary. Alaska's Act lists it among the association's general powers, not a duty: the association "may... adopt and amend budgets for revenues, expenditures, and reserves" (AS 34.08.320(a)(2)). A search of the full chapter finds no "shall fund adequate reserves" language, no minimum percentage, and no reserve-study requirement — any reserve funding your Alaska association does is a voluntary board choice, not a statutory floor.
Does Alaska require condo or HOA insurance?
Yes, a real "shall." Starting no later than the first conveyance of a unit to someone other than the declarant, the association must maintain property insurance on the common elements for "not less than 100 percent of the actual cash value of the insured property" (AS 34.08.440(a)), plus liability insurance in an amount the executive board sets. Alaska's 100%-of-actual-cash-value standard is notably higher than some neighboring common-interest-ownership states' 80% figure.
How is an Alaska HOA or condo budget ratified?
Within 30 days after the executive board adopts a proposed budget, it must give every unit owner a budget summary and set a ratification meeting 14 to 30 days later. The budget is ratified unless a majority of ALL unit owners reject it at that meeting, whether or not a quorum shows up (AS 34.08.330(c)) — so a low-turnout meeting doesn't block a budget from taking effect.
Is GnomeOwner's Alaska compliance calendar reviewed by a lawyer?
Every deadline on this page is shown beside the exact sentence of the statute it comes from — so you can check each claim against the law's own words, right here on the page. What this page hasn't had yet is a full attorney review. It's legal information, not legal advice: confirm anything you plan to act on with your own attorney.
Also covered: North Carolina, Nevada, Virginia, Arizona, Washington, South Carolina, Illinois, Oregon, Utah, California, Colorado, Texas, Georgia, Florida, New York, Michigan, Massachusetts, Ohio, Pennsylvania, New Jersey, South Dakota, Wyoming, Connecticut, West Virginia, Vermont, Delaware, Alabama, Montana, Hawaii, New Hampshire, Idaho, Iowa, Kentucky, Louisiana, North Dakota, Maine, Nebraska, Rhode Island, Oklahoma, New Mexico, Kansas, Mississippi, Arkansas, Missouri, Wisconsin, Indiana, Maryland, Minnesota, Tennessee. More states are added as their compliance calendars are built — see the full list.
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