Alaska Warranty Deed for Surface and Mineral Interests
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How to fill out Warranty Deed For Surface And Mineral Interests?
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FAQ
Land in private ownership (other than Native land) comprises less than one percent of the total land in Alaska. Much of the best land for development around Alaska's communities is, or will be, privately owned.
The Alaska Constitution is clear: Natural resources belong to the state. The Alaska Statehood Act, the law of the U.S. government, is clear: natural resources belong to Alaska.
Under United States common law, the subsurface estate is the dominant estate. The Alaska Statehood Act granted the state 104 million acres to manage as an economic base.
Federal Land The federal government is still the largest landowner in Alaska with 60% of the total area (222 million acres). This acreage includes national parks, wildlife refuges, national forests, military reservations and the North Slope National Petroleum Reserve.
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.
Most likely, if you own land in Alaska, the state of Alaska owns what lies beneath. These ?subsurface rights? are dominant over your rights as a surface landowner and you cannot deny reasonable access to the state's resources, which could include anything from precious metals to oil and gas.
In the United States, landowners possess both surface and mineral rights unless they choose to sell the mineral rights to someone else. Once mineral rights have been sold, the original owner retains only the rights to the land surface, while the second party may exploit the underground resources in any way they choose.
A Texas mineral deed with general warranty, used to convey all of the grantor's oil, gas, and other minerals under real property. This Standard Document has integrated notes with explanations and drafting tips.