Page 4 Advertisements Column 6

Patea Mail, Volume 1, Issue 28, 17 July 1875, Page 4

LAND TRANSFER ACT. LANDS alienated or contracted to be alienated from the Crown in fee, prior to the coming- into operation of t; The Land Transfer Act, 1870,” may ,e brought under the provisions of the zu-t by application from the persons entitled thereto. All lands aleniatod from the Crown after the coming into operation of “ The Land Transfer Act, 1870,” are to, and. must be dealt Avith, in manner prescribed by the Act. The following are examples of the fee, payable for bringing the land under the provisions of the Land Transfer Act : . When the title consists of a grant, dated on or to the 28th December, 1841, none of the laud included in Avhich has been dealt Avith— Where the certificate of title is diaectcd to issue in the name of the applicant; value of land, £IOO ... £0 2 Where the certificate of title | is directed to issue in the name of the purchaser; [ value of land, £IOO ... 0 0 ! 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 Avith ; or A\ r here the applicant is not the original grantee—(Assurance Fee) 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 Avhero the proprietor applies to have the land registered under the Act in his oavu name, and the fees may remain unpaid until the laud is dealt AA’ith. Any person, therefore, Avho Avishes to bring his land under the provisions of the Act, in order that Avhenever he deals Avith it he may be in a position to aA'ail himself of the facilities afforded by having a registered title, can do so Avithout any present cost, by alloAving the fees to remain unpaid until such deoling 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 five shillings ; for if the title is rejected, all fees are returned, Avith the exception of that amount. ALL LITLES ARE GUARANTEED BY THE GOVERNMENT. On all conveyances by deed under the old system, the cost ot registration in the Deeds Registry, over and above the solicitor’s charge, is never less than fifteen shillings, frequently very much more; Avhile land which has been brought under the provisions of “ Tho Land Transfer Act ” can bo transferred at a total cost of eleven shillings AA’hcre a Avhole section is conveyed; and Avhero only part is conveyed (and therefore a fresh certificate of title is necessitated), of thirty-one shillings, which is the highest sum alloAved by the Act, no mattei what tho value or area of the land. Under the Regulations in force on and after the Ist of January, 1872, the charge of certificate of title issued upon memoranda of transfer is reduced to ten shillings in all cases where the value of 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 a mount involved. A mortgage may be transferred or discharged, or a lease transferred or surrendered for five shillings. THESE OPERATIONS INVOLVE NO DELAYS. The folloAving are some of the advantages conferred by the Land Traansfor system: 1. It secures the principal benefits and advantages sought to be attained 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‘| cases perfectly secure. 5. It simplifies, to the utmost possible extent, the forms of transfer and the inodes of conveyance.