Revised Code of Washington - RCW Title 64 Real Property And Conveyances - Section 64.34.435 Release of liens -- Conveyance

§ 64.34.435. Release of liens -- Conveyance

(1) At the time of the first conveyance of each unit, every mortgage, lien, or other encumbrance affecting that unit and any other unit or units or real property, other than the percentage of undivided interest of that unit in the common elements, shall be paid and satisfied of record, or the unit being conveyed and its undivided interest in the common elements shall be released therefrom by partial release duly recorded or the purchaser of that unit shall receive title insurance from a licensed title insurance company against such mortgage, lien or other encumbrance. This subsection does not apply to any real property which a declarant has the right to withdraw.

(2) Before conveying real property to the association the declarant shall have that real property released from: (a) All liens the foreclosure of which would deprive unit owners of any right of access to or easement of support of their units; and (b) all other liens on that real property unless the public offering statement describes certain real property which may be conveyed subject to liens in specified amounts.

[1989 c 43 § 4-109.]

Sections:  Previous  64.34.410  64.34.415  64.34.417  64.34.418  64.34.420  64.34.425  64.34.430  64.34.435  64.34.440  64.34.442  64.34.443  64.34.445  64.34.450  64.34.452  64.34.455  Next

Last modified: April 7, 2009