Alaska Deed to Time Share Condominium with Covenants of Title

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Multi-State
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US-02717BG
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Description

Time share is a type of property right under which the purchaser of a time share has access to the 'share' they own in a property for a specific 'time'. Time-shares have been sold for cruises, recreational vehicles, campgrounds, and many other types of properties, but their most popular use is for shares in condominiums at timeshare resorts.


A Warranty Deed s provides the most protection against defects of title- covenants that the grantor has title to, and the power to convey, the property; that the buyer will not be disturbed in possession of the land; and that transfer is made without unknown adverse claims of third parties. A Special Warranty Deed only that the grantor held good title during his or her ownership of the property, not that there were no title defects when others owned it. If all liens and encumbrances are disclosed, the seller is not liable if a third person interferes with the buyer's ownership.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Document Preparation a new deed drawn up. a covering letter and check to be sent to the County Clerk's/Recorder's Office in the county in which the timeshare is located. a covering letter from the seller to the resort notifying the resort of the change of ownership.

A deed is filed in the county where the timeshare is located with the office of the county recorder. All counties in California require an additional document known as a ?Preliminary Change of Ownership Report.? Many counties, but not all, also require a tax affidavit.

An Alaska general warranty deed is used to sell a piece of real estate to another with a broad warranty of title. This means that the seller is guaranteeing that he or she holds legal title to the property and there are no other encumbrances and no other people who can claim an interest in the property.

Alaska's current recording fees for deeds are $20.00 for the first page and $5.00 for each additional page. Nonstandard documents may be recorded for an additional nonstandard recording fee. Transfer Tax. Alaska does not currently assess any transfer tax for real estate transfers.

Ownership Changes Recording a deed is best handled through a Title Company. For those doing their own deeds, deed templates are often available online or at office supply stores. The deed must have the names and addresses of both the current ownership and the new ownership, and the legal description of the property.

Definition of General Warranty Deed? A deed in which the grantor warrants or guarantees the title to real property against defects existing before the grantor acquired title or arising during the grantors ownership.

An Alaska quit claim deed is a document that includes the transfer of ownership in real estate, with no guarantees, from a grantor (seller) to a grantee (buyer). If the grantor has any ownership of the property, it will be transferred to the grantee.

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Alaska Deed to Time Share Condominium with Covenants of Title