Page 18 Advertisements Column 1

New Zealand Mail, Issue 55, 10 February 1872, Page 18

LAND TRANSFER ACT. |' ANDS ALIENATED or contracted to be J-J 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 theretoAll Lands alienated fiom 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 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 28fch December, 1841, none of Jhe land included in which has been dealt with—- £ s. d. Where the Certificate of Title is directed to issue in the 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 grantee—--3 12 e 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 laud is £3OO 3 12 6 Where the value of the land is £4OO 4 18 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 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. 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 be 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 his 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 lost, or destroyed by fire, &c, a new certificate 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, the cost of Registration in the Deeds Registry, over and above the Solicitor's charge, is never less than los, frequently very much more; while land which has been brought under the provisions of the Land Transfer Act can be transferred at a total cost of lis where a whole section is conveyed ; and where only part is conveyed (and therefore 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 a