An Alaska quit claim deed is a legal document used for transferring interest (ownership) in real estate without assurances as to the title’s quality. Due to the potential risk involved in using a quit claim deed, exchanges of property using this type of deed usually involve parties who know each other well. The benefit of providing no assurances regarding the title is that it is very fast to execute and record a quit claim deed. However, should the grantee (buyer) discover the property has a lien or has more than one owner, they can’t hold the grantor liable.