Page 2 Advertisements Column 1

Dunstan Times, Issue 515, 1 March 1872, Page 2

iiAND TRANSFER ACT. ¥ AN DS ALIENATED or contracted to 8 j lie alienate! from the Crown in fee' prior to the coining into operation i.f “ The Land Transfer Act, 1570,” may he brought under the provisions of the Act by applu-a tion from the persons entitled thereto All lands alienated from the Crown after the coming into operation of “The Lind Transfer Act, 1870,” ate subject to, and must be dealt with in manner prescribe 1 by - the Act. —o— The following are examples of the fees payable for bringing land under the provisions of the Land Transfer Act : 1. When the title consists of a Grant, dated on or subsequent to the 28th Pece id er, 1841, none of the land included in which has been dealt with—- ■ Where theCertiSeate of Title is directed to ; ssue in the name of the Applicant: Value of Land £IOO .. .. £0 11 2 Where the Certificate of Title is directed (o issue in the name of the Purchaser : Value of land £IOO ... ... II 11 2 These charges are increased by 4s. 2d. (Assurance Fund) for everyadditioual £IOO in value. 2. When the applicant is the original Grantee, and the land has been dealt with ; or where the Applicant is not the original Grantee: Where the value of the land is £IOO ... ... 2 14 2 Where the value of the laud is £2OO 3 3 4 Where the value of the laud is £3OO ... ... 3 12 6 Where the value of the land is £4OO 4 1 8 Wh«re the value of land is above £4OO the fees increase at the rate of 4s. 2d. (A • surance Fund) for every additional £IOO in -value. ■’ These charges a’s'i represent the Cost of conveying Land. inasmuch-as applicants to bring land under the Act can direct the Certificates of Title to issue in the names of any other persona. Credit fur fees U givin when desired by the applicant, in'all cases where the proprietor applies to have the land registered under the Act in his own name, and the fees may remain unpaid until the land is dealt with. Any person, therefore, who wishes to bring his land under the provisions of the Act, in order that whenever he deals with it be may be in a position to avail himself of the facilities afforded by having a Registered Tide, can do so without any present cost, by allowing the fees to rem i'n unpaid until such dealing tabts place. He will then be in a position to Mortgage. Transfer , Lease, - or otherwise deal with his land at a moment's notice. Any title, hewever long and complex, may be investigated at a cost to the applicant of only fire shillings ; to” it Ihe t'tle is rejected, all fees are returned, with the except’on of that amount. -Certificates of Title are Absolutely Indefeasible. Under the Old System -of Conveyancing, if a single deed is lost, the title is in many cases rendered absolutely defective, and therefore unmarketable, while in others it can only he rectified at great cost. Persons who bring their land under the Act suircn lerall theirdeeds . and receive in exchange a Certificate of Title, a duplicate of which is retained in the office. If the Certificate in the possession of the registered proprietor is at any time lost, or destroyed by fire, &c., a new Certificate is supplied by the Registrar at a small cost. All Titles are. Guaranteed by the Government. On all Conveyances by Deed under the old system, the cost of Registration in the Deeds Registry, over and above the solicitor’s charge, is never ■ less than fifteen shillings, frequently very much more; while land which has been brought under the provisions of the Land Transfer Act can be transferred at a total cost of eleven SHILLINGS whore a whole section is conveyed ; and wheie only part is conveyed (and therefore a Fresh Certificate of Title necessitated), of thirty ONE SHILLINGS, which is the HIGHEST sun allowed by the Act, no matter what the value or area of the land. Under the regulations in force on and after 'the Ist January, 1872, the charge for Certificates of Title issued upon. Memoranda of Transfer is reduced to ten shillings in all cases where the value op the land is under ten pounds. The total cost of executing a Mortgage or lease of land registered under the Act is TWELVE SHILLINGS, no matter what the amount involved. A Mortgage may bo transferred or discharged < r a I.ea-e transferred orsurrendcr- . Ed, foivFive Shillings These Operations involve no Delays. The following arc some of (he advanteges conferred by the Land Transfer system: 1. It secures the principal benefits and advantages sought to be obtained in a system of registration of deeds. 2. It renders retrospective investigations of title unnecessary as to all lands registerel. " 3. It simplifiesthcTitles.torcal Property for the future. 4. It makes purchasers of the fee and leases perfectly secure. 5. It simplifies to the utmost possible extent the forms of transfer and the modes of conveyance. 6. It increases the saleable value of land. 7. It tends to lower the rate of interest on loans secured on lands. 8. It gives- facilities for the sale of large estates in allotments. 9. Transactions can he effected at a moment’s notice, and atxi minimum of cost. 10. Frauds in the purch isc and sale of ' land are effectually prevented, bemuse the Certificate of Title in the possession of the Vendor shows the exact condition of the • estate, i. if the estate be mortgaged, encumbered, nr leased. Memoranda disclosing the particulars of any such transactions affecting the estate are written upon the Ce titicate of Title. FEES CHARGEABLE UNDER LAND TRANSFER ACT. (Extract from New Zealand “Gazette,” No. 64, of 9th December, IS7L) For bringing Land under the Provisions of the Act-