Page 4 Advertisements Column 4

Dunstan Times, Issue 525, 10 May 1872, Page 4

LAND TRANSFER. ACT. I ANDS ALIENATED or contracted to I j bo alienated from the Crown in fee prior to the eomiagdnto operation of “ The Land Transfer Act, 1870," may he brought under the provisions of the Act by application from the persons entitled thereto All lands alienated from the Crown af '■er the coining into operation of “The Lend Transfer Act, 1870,” are subject to, ami must be dealt with in manner prescribed 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 December, 18-11, none > f the land included in which has bean dealt With— Where theCertilicate of Title is . directed to ssuo 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 ... ... 111 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 11 2 Where the value of the laud is £2OO . ... 3 3 4 Where the the land is£3oo - ... 3 12 6 Where the value of the land is £4OO ... ... 4 1 8 Where the value of land is above £IOO the fees increase at the rate of Is. 2d. (A - surance 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 Certilicatos of Title to issue iu the names of any other persons. Credit fur fees is (jivin when desired by the applicant, in all cases where the proprietor applies to have the laud registered under tlie Act in Ids own name, and the foes may remain unpaid until the land is dealt with. Any person, therefore, who wishes to bring ids 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 allbrded by having a Registered Tide, can do so without any present cost, by allowing the fees to remain unpaid until such dealing vahes 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, however long and complex, may be investigated at a cost to the applicant of only Jive shillings ;tor if the title is rejected, ali fees ace returned, with the exception of that am»nnt. 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 be recti-. tied at great cost. Persons who bring their land under the Act suirenderall 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 lire, &c., a new Certiticaie 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, tile cost of Registration in the Deeds Registry, over and ABOVE THE SOLICITOR’S CHARGE, is never less than futeen shillings, frequently very much more; while land which has been brought under the provisions of the Land Transfer Act Can be tran-ferro I at a TOTAL COST OF ELEVEN SHILLINGS where a whole section is conveyed ; and wheie only partis conveyed (and therefore a Fresh Certificate of Title necessitated), of thirty ONE SHILLINGS, which is the HIGHEST SU.II ALLOWED by the Act, no matter what the value or a ea of the land. Unde- the regulations iu 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 itie land IS UNDER TEN FOUNDS. 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 hca-e transferred or surrendered, for Five Shillings These Operations involve no Delays. The following arc some of the advantages conferred by the Land Transfer system: 1. It secures the principal benefits and advantage* sought to be obtained iua 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 leases porfec'ly secure. 5. It simplifies to the utmost possible extent the forms of transfer and the modes of conveyance. C. It increases the saleable value of land. 7. It tends to lower the rate of interest on loans secured on binds. 8. It gives facilities for the sale of large estate* in allotments. 9. Transactions can be effected at a moment’s notice, ami at a minimum of cost. 10. Frauds in the purchase and sale of lan ! are effectually prevented, because the Certificate of Title iu the possession of the Vendor shows the exact condition of the estate, i. e. , if the estate be mortgaged, encumbered, or leased. Momoranda disclosing the particular* 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. til, of oth December, 1871.) For bringing Land under the Provisions of the Act—