Alaska Mineral Deed with Limited Warranty

State:
Multi-State
Control #:
US-OG-061
Format:
Word; 
Rich Text
Instant download

Description

This form of deed conveys an undivided interest in minerals in specific lands.

A mineral deed is a legal document that transfers ownership of mineral rights from one party to another. In the state of Alaska, a specific type of mineral deed known as an "Alaska Mineral Deed with Limited Warranty" is commonly used. This form of deed is utilized in transactions involving the transfer of mineral rights in Alaska and offers limited warranties to the grantee (buyer) of the property. The Alaska Mineral Deed with Limited Warranty ensures that the granter (seller) has the legal right to transfer and convey mineral rights to the grantee. However, it provides limited guarantees or warranties compared to other types of deeds. This means that the granter is responsible only for claims arising during their ownership of the property, rather than any claims that may have existed before transfer or may arise after the transfer. In the context of Alaska, it is crucial to understand that there are no known variations or different types of Alaska Mineral Deeds with Limited Warranty. However, each deed can be customized to meet the specific needs of the parties involved and may include additional provisions or exceptions based on their agreement. Keywords: Alaska, mineral deed, limited warranty, mineral rights, ownership, legal document, transfer, granter, grantee, guarantees, warranties, property, claims, variations, customized, provisions, exceptions.

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FAQ

General Warranty Deed It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home ? even dating back to prior property owners. This quality of coverage is why most lenders will require you to get a general warranty deed when buying your house.

A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.

A special warranty deed?also known as a limited warranty deed?is a variation of the general warranty deed. While the word "special" may communicate to a buyer the idea that the deed is of higher quality, the special warranty deed is less comprehensive. It offers less protection due to the limited timeframe it covers.

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.

An Arkansas warranty deed is a legal document used to transfer ownership of real estate from one party to another in the state of Arkansas. The warranty deed includes a guarantee?called a warranty of title?from the seller (also known as the grantor) to the buyer (also known as the grantee).

General warranty deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good, clear title to the property. This type of deed is used in most real estate deed transfers.

An Arkansas special warranty deed transfers property with a partial warranty?often called a limited warranty or special warranty. The seller guarantees a good, clear title to the property, but the guarantee only covers issues that arose while the seller owned the property.

The reality is that, as a buyer, you're engaging in a legal exchange of ownership and property rights, and a warranty deed is an essential part of this transaction. A warranty deed is the means by which ownership of property is transferred, whereas a title is an abstract term that defines property rights.

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.

A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete ?chain of ownership?; and.

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Unlike other deed types, a Quitclaim Deed does not guarantee or warrant that the seller possesses the full ownership rights to the oil, gas, or mineral ... Download Mineral Deed with Limited Warranty straight from the US Legal Forms web site. It offers a wide variety of professionally drafted and lawyer-approved ...Jan 13, 2021 — When you pass along a title with a limited warranty deed, you pass along assurances that the title has not been clouded under your watch. Title 34 contains the forms of warranty and quitclaim deeds, making it possible to define additional requirements. A valid deed must include the name and ... May 9, 2023 — Need to create an Alaska statutory warranty deed? Our deed creation software makes it easy. Just complete a user-friendly interview and get a ... You will need to obtain this form from your County Recorder. The Grantor must fill out a Declaration of Value, Ground Water Hazard Statement and pay transfer ... Open the document and fill out all its fields. Apply your legally-binding eSignature. Save and invite other recipients to sign it. ... fill out an application and the time it is received and processed by DNR. ... Does the state guarantee the quality of the land they offer in these programs and ... IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year above written. [NOTARY SEAL]. Notary Public in and for the State ... Intro to Transfer on Death Deeds (TODs) and Their Uses in Estate Planning and Business Planning; Requirements for Effective TODs and Valid Property ...

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Alaska Mineral Deed with Limited Warranty