Download Alaska Mineral Deed with Quitclaim Covenants Legal Forms

This document is a General Mineral Deed that transfers oil, gas, and mineral rights from the seller (grantor) to the buyer (grantee). It is important to note that this is a transfer of ownership, not a lease.

Rights Included: The deed covers the transfer of ownership of all types of minerals, including oil and gas. There are no exclusions or reservations, meaning the grantee receives all mineral rights encompassed in the deed.

Transfer Details: The grantor specifies the percentage of mineral rights being transferred. The grantee is granted the right to access the land for various activities such as mining, drilling, exploring, and developing the minerals. This also includes the rights to store, transport, and sell these minerals.

No Title Warranty: The grantor transfers the mineral rights without guaranteeing the title's validity. This means the grantee accepts the mineral rights as they are, without any assurance from the grantor that the title is free from legal issues or discrepancies.

Uses: Mineral deeds with quitclaim are often used in situations where the grantor wants to quickly release any interest they might have in mineral rights, such as in settling estates, resolving disputes, clearing up uncertainties about ownership in a title's history or when mineral rights have previously been severed or fragmented from surface rights and cloud a title, making it difficult to transfer property. Resolution often involves the holder(s) of the mineral rights, quit-claiming any rights he/she/they have or might have in the subject property.

Legal Considerations: The use of this deed can significantly affect your rights to the property. It's crucial to fully understand its terms and consequences. Seeking legal advice before executing this deed is highly recommended to ensure it aligns with your intentions and legal interests.