Other Names for an Alaska Quitclaim Deed FormĪlaska law uses the term quitclaim deed, and the similar term quit claim deed is also acceptable. The new owner bears the entire risk of a title defect. For instance, if the property is subject to an unknown lien or another person asserts superior title to the property, the new owner cannot sue the former owner for breaching a warranty.
Because the current owner signing an Alaska quitclaim deed offers no warranty of title, the new owner receives whatever title the current owner possesses but has no recourse against the current owner if a title defect later emerges. 2Ī warranty of title is the current owner’s enforceable promise that the title to real estate transferred by deed is free of defects or that any existing or potential defects have been disclosed. 1 Unless the deed expressly states the current owner’s intent to convey a lesser interest, an Alaska quitclaim deed is assumed to pass the current owner’s entire ownership interest in the property. When the property owner ( grantor) signs an Alaska quitclaim deed, the deed transfers the current owner’s interest to the new owner ( grantee) named in the deed. Because a quitclaim deed includes no warranty of title, the new owner acquires the property as-is and assumes the risk of problems with title. Just complete a user-friendly interview and get a customized deed that is attorney-designed to meet Alaska recording requirements.Īn Alaska quitclaim deed form conveys a property owner’s interest in real estate with no warranty of title.
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