Page 2 Advertisements Column 1

Dunstan Times, Issue 519, 29 March 1872, Page 2

LAND transfer act. IAND 3 ALIENATED or contracted to i Ire aIL-hatedTrom the Crown in fee {prior to th; coming into operation of “ Tlie Land Transfer Act, 1870,” luay lie brought ’under the provisions of the Act by application from the persons entitled thereto All lands alienated from the Crownr.fter coining into operation of “The Land Transfer Act, 1370,” are subject to, and must be dealt with in manner prescribe I by the Act. —o— , The following are examples of fees payable for banging land under the provisions of the Land Transfer Act i. When the title consists of a Grant, dated on or subsequent to the 2Sth December, 1841, none of the land included in which has been dealt with— Where thsCertiiicate of Title is directed to issue in the name of the Applicant: Value of Land £IOO ... .. £0 11 2 Whore the Certificate of Title is directed to issue in the name of the Purchaser : Value of land£loo ... I'll 2 These charges are increased by 4s. 2d. (Assurance Fund) for every additional £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 land is £2OO ... ... 3 3 4 Where the value of the land is £3OO 3 12 6 Where the value of the land is £4OO ... 4 1 3 ‘ Where the value of land is above £4OO the fees increase at the rate of 4s. 2d. (A--Burance 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. Cred it for fees is glvin 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 ho may he in a position to aVr.il 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. Ho will then be in a position to Mortgage, Transfer, Lease, -or otherwise deal with his land at a momentis notice. ■ Any title, however long and complex, may be investigated at a cost to the applicant of only fee shillings ;lor if (he title is rejected, all fees ave returned, with the exception 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 abso- ; lately defective, and therefore unmark dnblo, while in others it can only be rectified at groat cost. Persons who bring their laud under the Act suirenderall theirdeeds •and receive in exchange a Certificate of Title, a duplicate of which is retained in =*he office. If the Certificate in the poss- | isssion of the registered proprietor is at any ! -dime lost, or destroyed by fire, &c., a now 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 Registra■tior. in the Deeds Registry, over and above the solicitor's charge, is never less than fifteen shillings, frequently very mu fit 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 where a d-hole section is conveyed ; and whete only pu tis convoyed (and therefore a Fresh Certificate of Title necessitated), of thirty one shillings, which is the highest su.m allowed by the Act, no matter what the value or area of the land. . Under the regulations iuforce on and after the Ist January, 1872, the charge for • Certificates of Title issued upon. Memoranda tif Transfer is reduced to ten shillings in all cases where the value of the land IS UNDER TEN POUNDS, -The total cost of executin'; a Mortgage or lease of land registered under the Act is twelve SHILLINGS, no matter what the -amount, involved. 'A Mortgage may be transferred or discharged t a I .eve transferred or surrendered, for Five Shillings These Operations involve no Delays. The following are some of the advantages conferred by the Laud T nii-fer system: 1. It secures the principal benefits and advantages sought to fie obtained ina system of registration of dee Is. 2. It readers retrospect; vo investigations >of title unnecessary as to all lands re fistered. 3. It simplifies theTitlestoreal Property ior the future. 4. It makes purchasers of the fee and leases perfectly secure. !i. It simplifies to the utmost possible ■extent the forms of transfer and the modes of conveyance. 0. It increases the saleable. value of land. 7. ft tends to lower the rate of interest on loans secured on lands. 8. It gives facilities for the sale of large estates in allotments. 'O. Transactions can be effected at a moment’s notice, and at a minimum of cost. 10. Frauds in the purchase an 1 sale of land are effectually prevented, because the -Certificate of Title in the possession of the "Vendor shows 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 es L ate are written upon the -Certificate of Title. FEES CHARGEABLE UNDER LAND TRANSFER ACT. .(Extract from New Zealand “Gazette,” No. 64, of 9th December, 1871.) For bringing Land under the Provisions of the Act— When the. title conois's of a grant date 1 on or subsequent to the 23th of December, 1841, and none of the land therein has '■" been dealt with •> .. > ... £0 2 0 ■ When the title is of any other dficription, and the value exceeds £3oo' ... v ... ... 100 • '’When the title is of any other description, and the value exceeds £2OO an d does not- exceed £303 015 0 "When the title is of any other description, a .cl the value exceed s flOOanl does not exceed £2OO 010 0 , 2STJiea the title is of any other de-