Which of the following is NOT required for a deed to be valid in Alaska?
Correct Answer
C) Recording at the district recorder's office
Recording is NOT required for a deed to be valid between the grantor and grantee in Alaska. A deed is valid upon execution, delivery, and acceptance. However, recording at the Alaska District Recorder's office provides constructive notice to third parties and protects the grantee's interest under Alaska's race-notice recording system.
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Related Topics & Key Terms
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Related Concepts
A deed is a written legal document that conveys (transfers) ownership of real property from one party to another. It must be delivered to and accepted by the grantee to be effective.
For a deed to be valid, it must contain several essential elements including a competent grantor, identifiable grantee, consideration, legal description, granting clause, signature of the grantor, and delivery and acceptance.
Escrow is an arrangement in which a neutral third party holds documents, funds, or other items on behalf of the buyer and seller until all conditions of the transaction are met.
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