Page 4 Advertisements Column 4

Dunstan Times, Issue 521, 12 April 1872, Page 4

LAND TRANSFER ACT. 1 ANDS ALIENATED or contracted to 1 J be alienated from the Crown in fee prior to the coming 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 inmau’jer prescribed by the Act. —o — following are examples of the fees payable for bringing laud under the provisions of the Land Transfer Act;— 1. When the title consists of a Grant, dated on or subsequent to the 28th December, 1841, none of the land included in which has been dealt with— Where theCertiticate of Title is directed to issue in the name of the Applicant: Value of Land £IOO .. .. £0 11 2 Where the Certificate of Title is directed to issue in the name of the Purchaser : Value of land £IOO ... ... 1 11 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 laud has been dealt the fees increase at the rate of 4s. 2d. (Assurance Eund) 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 for 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 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 he may be in a position to avail himself of the facilities afforded by having a registered Title, can do so withoutany 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 deaf with his land at a moment's notice. Any title, however long and complex, may be investigated at a cost to the applicant of only Jive shillings ;tor it the title is rejected; all fees are returned, with the exception of that amount. CertHhcates or 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 sui render all their deeds 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 tire, &c., a new Certificate is supplied by the Registrar at a small coat. All Titles are' Guaranteed by the Government. On all Conveyances by Deed under the old system, the cost of Registration in the Deeds Registry, oveii and -ABOVE THE SOLICITOR’S CHARGE, is never loss than fifteen shillings, frequently very much more; while land which has been brought under the provisions of the Laud Transfer Act can be transferred at a TOTAL COST OF ELEVEN SHILLINGS whore a whole section is conveyed ; and where only partis 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 land. Under the regulations inforco onandafter 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 be transferred nr discharged or a Lease transferred or surrendered, for Five Shillings These Operations involve no Delays. The following are some of the advantages conferred by the Land Transfer system? 1. It secures the principal benefits and advantages sought to bo obtained in a system of registration of deeds. 2. It renders retrospective investigations of title unnecessary as to all lands registered. 8. It simplificstheTitlestoreal Property for the future. 4. It makes purchasers of the foe 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. 11. Transactions can ho 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 shows the exact condition of the estate, i. e., if the estate bo 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. (Extract from Now Zealand “Gazette,” No. 64, of 9th December, 1871.) For bringing Land under 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 land therein has been dealt with ... ... £0 2 0 When the title is of any other decription, and the value exceeds £3OO ... 1 0 0 When thctille is of any other description, and the value exceeds £2OO and does not exceed £3OO 0 15 0 When the title is of any other description, and the value exceeds £loCand does not exceed £2OO 010 0 WheiiUu title is of any other de-