Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 183, 6 September 1872, Page 2

Miscellaneous Advertisements. v. v&mMgb r. LAND TRANSFER ACT. £ ~T AN'DS ALIJSNATJCI) ov ccmtrac- _»: J ted to be alienated from the Grown in fee, ■ prior to the- coming: into operation of "The Land Transfer Act, 1870," may he brought xnider 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, iSTO," are subject to and lmist be dealt with in maimer prescribed by the ; Act. 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 2Sth December, 1841, none of the land included in which has been dealt with—"Where the Gertificate of title is directed to issue ill the name of ■ • "the applicant : Value of land, £IOO f £o 11 2 Where the Gertiiicate of- Title is dirf.cted to issue in the name of the Purcbasei : Value of land - . £IOO 1 11 2 These charges are increased by 4s. 2d. (Assurance Fund) for every additional £IOO in value. . . 2. Wlien the Applicant is the originalG! rantee, 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 -8 Where the value Of land is abo ve £4OO the fees-increase at the rate of 4s. 2d. (Assurance Fund) for every..-additional £IOO in value. These charges also [rep resent the Cost of. Ctrirvui/inifLavcl, inasmuch as applicants to bring land under the Act can direct the Gertiiicates of Title to. issue,in the names of any other persons. ■ . redd for Ji'ees is ghati, ; .. ' : 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 iaiid " is dealt with. . I 1 Any- person, therefore, who swishes to bring j his iand under the provisions of th'e.'A(?t^ ; ::-iii r ' v order that' whenever he deals, .with it lie. may, ; be in a position to avail himself 6f "the facilities« aiforcle-d by having a Registered Title, can do j' SO ■ without aw present cost, by allowing the j fees to remain unpaid until such dealing takes ' place. He will then be .in a position to j xiiorigane. ■■■Transfer,- Lease, or otherwise deal ■■■with tils land. at a-■movimt's voiles. I' An?/:.Title, -however-long and complex, ■ | may be investigated at a cost to the appli--1 cant : of only jioe.shillings; for if tne title is j rejected, all .fees are. returned,. with "the ex- ; caption of that amount. . . Certificates ,of Title are Absolutely . i v ■ • Indefeasible. ! : . , Under, the Old &ystem • jof Conveyancing, if a single deed-is lost, the j title is in many cases rendered absolutely dei fective, -and therefore unmarketable, while in j others it can only be rectified at great cost. , I Persons "who bring their land under the Act ! surrender all their deeds and receive in exj change a Gertiiicate of Title, a-duplicate of ■ whieh is retained in the office. If tiie Certi- -| Seate in the possession of the registered proi prietor is at any time lost, or-destroyed by ! lire, &c. ,' a new Gertiiicate is-supplied by the : Registrar* at a small cost-. ' AO Titles are G-ttaranleecl by the Government. ' 0/7 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 fifI teen shillings, frequently very, much more ; ; while land "which has been brought under the ! provisions of the Land Transfer Act "can be j--transferred at a total cost of eleven shil--1 LENGS where a "whole section is conveyed; aiid where only part is conveyed (and therefore a fresh Gertiiicate 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 lan; I. Under the Regulations in- force on andafter the Ist January, 1872, the charge for Certificates of Title issued upon Memoranda of Transfer is reduced to ten shillings in aIT 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 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 ail lands registered. 3. it simp lilies tii-2 Tilies so Real Property for the future. . " ' 4. It makes Purchasers of the Fee and Leases perfectly secure. 5;. It simplifies to the utmost possible extent the forms of transfer ana the modes; or conveyance. • ; . 0; It increases the saleable value of La::.]. " 7. It tends to lower the rate of inttrcsi on' -Joans secured 011 lands.