Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 171, 14 June 1872, Page 2

Miscellaneous Advertisements. LAND TRANSFER ACT. , ~ ~ ANDS ALIENATED or cbntrac—J ted to be alienated from the Crown in . fee, prior to the coming into operation of | "The Land Transfer Acfe 1870," may be I brought -under the provisions of the Act by i application from the persons entitled thereto. All Laids alienated from the Crown after the coming .into; operation of ''The Land Transfer Act, 1570," are subject to and must be dealt with in manner prescribed by the Act., ■■'•■'■:' : C^>.-:--'-The foilpwing are examples of the fees payable for bringing land tiuder the provisions of the Land Transfer Act:- ■ 1. When the title consists of a Grant, dated on or subsequent to the ber, 1841, none oi the land included in. which has been, dealt with— , Where the Certificate of title is' directed to issue in the name of, the applicant : Value of land, £IOO ... ... .:..„£() 11 2 Where the Certiticate of Title is dir rected to issue in the name of the Purchase! : Value of land •• £ioo ; ■';.-•-.,.;; '■ ■■...,■'• ■:';' .v.\" ; '.';n^■ 111 2 These charges are incieased by 4s. 2d. (Assurance Fund) for every additional £ioo in ■value. ■•" 2. When the Applicant is the original Grantee, aiid 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 ot 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 £4OO the fees increase at the rate of 4s. 2d. (Assurance Fund) for every additional £IOO iii value. 1 hese charges also represent lite Cost of Coriveyiiiy JLantt y : ' ■ inasmuch as applicants to bring land under the Act can direct the Certificatesl: "of Title to issue in the names of any other persons. red, tj'or Jr?es is </,vttn, when desired by the applicant, in all cases where the proprietor aj spues to have the land registered unuer the Act in his own naine, and the fees may remain unpaid until thfe 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 without any prevent rout, by allowing the fees to remain unpaid until such dealing takes place. He will then be in a position to ; Mortgage, Transfer, Lame, or otherwise ileal with, .'tis t'in.i at a mututnl a notice. Aug Title,.hutoerer, tuny> ant/ Complex,-; may be inyestigated at a cost to the applicant of uuly Jive s/tiiL iiys ; for if the title is rejected, alt fees are i elarned, \K\th the exception of that amount.;.; Certificates'of Title Abe Absolutely v ikdefeasiijle. : : , Under the Uid 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, lui-coxis who bring their land under the Act surrender-all their (seeds and receive in exchange . a Certificate of Title, a duplicate of which is retained in the office. If tne Certi--heate in the possession of the registered proprietor is at any time lost, or destroyed by lire, &c., a new Ce'rt'incate is supplied by the liegistra'i at a small cost. ' : A.ii'.'l'ttleß are Guaranteed by the Government. On< alt Conveyances by Deed under the old system, the cost of Registration in the Deeds Registry, over ain't) above the solicitor's charge, is never less than fifteen shillings, frequently srery much 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 whole section is conveyed; and ■where only part is conveyed (and therefore a fresh Certiricate 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 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 laud registered under the Act is : twelve shillings, no matter what the amount involved. A Mortgage, may be transferred or 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 be obtained in a 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 perfectly secure. v v , ; 5. It simplifies to the utmost possible ex.tent the forms of" transfer and tne modes of" ■conveyance. ; - 6. it increases the saleable value of ■lander:, 7. It tends to lower the rate ot interest' oh secured on lands. ; f ! .