Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 163, 19 April 1872, Page 2

Advertisements. LAND TRANSFER ACT. [" JINDS ALI EN AT ED or contracted to be alienated from -die Grown in fee, prior to the coining into operstion of "The Land Transfer Act, 1570," may be brought under the provisions of the Act byapplication from the persons entitled, thereto. • All lands- alienated from thWsrbwn after the coming' into operation 0f..."'.' The Land Transfer Act, 1870," are subject to and must be dealt with in manner prescribed by the Act. ''""'..."-,=•.'

The following are examples of the able for bringing land under visionsof the Land Transfer Act:— ,;, _: 1. When the title consists of a Grant, dated .';' onorsubsefjuent to the 28th December, 1841, none of the land included 8 in which has been dealt with%"Where the Certificate of title is dir reeted to issue in the name of : the applicant : Value of land, : - ; Where the Certificate of Title is; di- : ' : : reeted to issue in the naine^pf; the Purchasei • Value'of-lahd : f £IOO ... ... ..: 111 2 These charges are increased by 4s. 2d. (Assurance JB'und) for every additional £IOO in value.". ~.:: ■'■:■,: ,-■ ■' 2. When the Applicant is the original Grantee; and theland,hasbeen,dealt with; or' wherei the Applicant ;is not ;the ofioiualGraritee-^'' : "■ ~.'' ;: :"-;' ; '"7.'', ;••';'*■';■•..,. Where the; value of the land is £IOO £2 14 -X% Where the value of the land is : 3 ii 4 Where the value of the land is £3OO ' 3 12 "d Where the value of the land is £4OO 4 : >i ; s Where the value of land is above £4OO the fees increase at the rate of 4s. 2d. (Assul-ahcel 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. I K-reditfbr isgi-veii, : . '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 brW his land under the provisions of the ■ Aet> in order that whenever he deals with it he niav be in a position to avail himself of the facilities afforded by having a Begistered;TitH can do so without any present cost, by aliowmg 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 moment's notice. Any Title, hoioeoer long and complex, may be investigated at a cost to the applicant of only jive shillings; for' if the -titie is rejected, alt fees are returned, withithe exception of that amount/ \ /-.■ >,; ; --. , .

CjBRTIFICATJ IT.LEAfi.Eii Under the Old fryzbejn'■'".'' of Conveyancing, if a single deed is lost, the title is in many cases rendered absolutely defective, and therefore "unmarketable, others it can only be reetitied ; at Persons who brhig their land underthe Act surrender all then- deeds and receive rh'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 iire, &c, a new Certificate is supplied by the Registrar at a small cost. •,';■-. ; .;> All Titles are Guaranteed hy 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 veiy much more • while land which has been brought under the provisions of the Land Transfer Act can betransferred at a total cost op 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 land.

Under the Regulations in force on and ui. iittuoici lo xvjijju«jjiu.Tu TJijy SHILLINGS Hi all cases where the value of the land is UNDER TEN POUNDS, j ;'. !i I:--' .vfe>''.-" 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 or disI charged, or a Lease transferred or surreni dered, 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 be obtained in a system of registration of deeds. : .2.y It-renders retrospective investigations of title unnecessary as to all lands registered - 3 It simplifies the Titles 5 to Keal Property for the future. ;;: :, C x - . A. It makes Purchasers of the Fee and' Leases perfectly secure. ■• ....:■". 5. It simplifies to the utmost possible extent thejorms of transfer and the modes-of conveyance. on lands.