Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image

LAND TRANSFER ACT. LANDS ALIENATED or contracted to 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 in manner 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 28th December, 1841, none of the land included in which has been dealt with — £ s. d. Where the Certificate of Title j is directed to issue in the j name of the Applicant-: Value of land £IOO ... 011 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 gruntße - £ s. a. 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 the land is above £4OO 'the fees increase at the rate of 4s 2d (Assurance Fund) for every additional £IOO in value. .These charges also represent the cost of worrveying 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 given 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 he in a position to avail himself of the facilities afforded by having a Registered Title, can do so without any 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 deal with Ins land at a moment’s notice. Any title, however long and complex, may be investigated at a cost to the applicant of only ss, for if the title is rejected, all fees are returned, with the exception of that amount. 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 rectified at great cost. Persons who bring their land under the Act, surrender 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 Host, or destroyed by fire, &c, a new certificate as supplied by the Registrar at a small cost. ALL TITLES ARE GUARANTEED BY 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 15s, frequently very much more ; while land which lias been brought under the provisions of the Land Transfer Act can be transferred at a total cost of 11s where a whole section is conveyed ; and where only part is conveyed (and tlierefoi e a Fresh Certificate of Title necessitated), of 31s 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

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/NZMAIL18720120.2.49.1

Bibliographic details
Ngā taipitopito pukapuka

New Zealand Mail, Issue 52, 20 January 1872, Page 18

Word count
Tapeke kupu
680

Page 18 Advertisements Column 1 New Zealand Mail, Issue 52, 20 January 1872, Page 18

Page 18 Advertisements Column 1 New Zealand Mail, Issue 52, 20 January 1872, Page 18

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert