Page 2 Advertisements Column 1

Dunstan Times, Issue 518, 22 March 1872, Page 2

LAND TRANSFER' ACT. AND 3 ALIENATED or contracted to .1 j be alienated from the Crown in fee iprior to the coining into operation of “ The Land Transfer Act, 1870,” may be brought under the provisions of the Act by application from the persons entitled thereto All lands alienated from the Crown after 'the coming into operation of “The Land Transfer Act, 1870,” are subject'to, and 'must be dealt with in manner prescribed by ' the Act. ■—o— The following are examples of the fees payable for bringing land under the proi isions of the Land Transfer Act:— 1. tVhen the title consists of a Grant, dated on or subsequent to the 2Sth December’, 1841, none of the lantl included in which has been dealt with— Where theCertitieate of Title is •directed to issue in the name of the Applicant: Value of Lana £IOO __ .. .. £0 11 2 Where the Certificate of Title is directed to issue in the name •of the Purchaser : Value of land£loo ... ' ... 111 2 These.charges are increased by 4s. 2d. (Assurance Fund) for every additional £IOO in value. 2. When the applicant is the original 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 land is £2OO 3 3 4 Where the value of the land is £3OO ... - ... 312 6 Where the value of the land is £4OO ... ... 4 1 8 Where the value of land is above £4OO ii'the fees increase at the rate of 4s. 2d. (Assurance Fund) -for every additional £IOO in "value. '■ These, charges also 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 persons. Credit fur fees is 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 uutil the land is dealt with. : " Any person, therefore, who wishes to ‘•bring his laud under the provisions of the Act, in order that whenever he deals with it he may ho in a position to avail himself of the facilities afforded by having a .Registered Title, can do so without any present cost, by allowing the fees to remain unpaid until • such dealing takes place. He will then be in a position to Mortgage, Transfer, Lease, or otherwise deal with his land at a mo■■'ment's notice. A ny title, - however long and complex, ■ •may be investigated at a cost to the applicant of imly five shillings ;tor if the title is rejected, all fees ave returned, with the except'on of that amount, •Certificates of Title are Absolutely In defeasible. Under the Uhl 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 be rectified at great cost. Persons who bring their land under the Act suirenderall theirdoeds • and receive in exchange a Certificate of Title, a duplicate of which is retained in the office. If the Certificate in the poss•ession of the registered proprietor is at any time lost, or destroyed by (ire, &c., a new ■-Certificate is supplied by the Registrar at ■a small cost. , All Titles arc 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 laud which has ■ been brought under the provisions of the Land Transfer Act can be transferred at a TOTAL COST OF ELEVEN SHILLINGS where a whole section is conveyed ; and where only part is conveyed (and therefore a Fresh -Certificate of Title necessitated), of thirty ' one shillings, which is the highest sum allowed by the Act, no matter what the value or area of the laud. 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 of 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 or a Lease transferred orsurrender.■cl, for Five Shillings These Operations involve no Delays. The following arc sonic of the advantages conferred by the Land Transfer system: 1. It secures the principal benefits and advantages sought to be obtained ina system • of registration of deeds. 2. It renders retrospective investigations of title unnecessary as to all lands registered. 3. It simplifies the Titles to real Property ■ for the future. 4. It makes purchasers of the fee and lenses 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 largo estates - in allotments. 9. Transactions can be effected at a moment’s notice, and at a minimum of cost. 10. Frauds in the purchase and sale of land are effectually prevented, because the Certificate of Title in the possession of the Vendor show’s the exact condition of the estate, i. e., if the estate be mortgaged, encumbered, or leased. -Memoranda disclosing the particulars of any such transactions affecting the estate are written upon the ■Certificate of Title. FEES CHARGEABLE UNDER LAND TRANSFER ACT. (Extoact from New Zealand “Gazette,” No. 64, of 9th December, 1871.) For bringing Land und?r the Provisions of the Act— When the title consists of a grant dated on or subsequent to the 28th of December, 1841, and ‘ none of the laud therein has been dealt with ... ... £0 2 0 /Whenthe title isofany other decription, and the value exceeds!- j £309 ...' ... 1 SO .When the title is of any other de- •• i seription, and the value exceeds t £2OO and does not exceed £309 0 luj 0 v -When the title is of any other tie- ' scription, .and the, value ex-feeds | flOCand does not cxocod £209 0 ICO When the title is of-any other de-