Page 4 Advertisements Column 6

Patea Mail, Volume 1, Issue 31, 28 July 1875, Page 4

LAND TRANSFER ACT. LANDS alienated or contracted to bo | alienated from the Crown in fety i prior to the coining into operation, of j t; The Land Transfer Act, 1870,” may i *iC brought under the provisions of the’ i Act by application from the persons' entitled thereto. All lands alcniated from the Crown? after the coming- into operation of “ The Land Transfer Act, 1870,” are subject j to, and must be dealt with, in manner 0 ! prescribed by the Act. | The following are examples of the’ I fee, payable for bringing the land under' | the provisions of the Land Transfer i Act: ;. When the title consists of a grant, dated on or subsequent to the 28th- December, 1811, none of the land included in which has been dealt with— Where the certilicate of title is diaected 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 laud, £IOO ... 0 Odfi These charges are increased by 4s. 2 (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— Where the value of the land is £OO ...■ £2 4 2 Where the value of the land is £2OO 3 3 4 Where the value of the land is £3OO ... 3 2 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 Fee) for every additional* £IOO in value. J 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 deahr with it he may be in a position' to avail? himself of the facilities afforded byhaving a registered title, can do so* without any present cost, by allowing.' the fees to remain unpaid until such deoling takes place.- He’ will? then 1 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 1 , with the exception of that amount, ALL LITLES ARE GUARANTEED BV THE GOVERNMENT.On all conveyances by deed under* the old system, the cost ot registration in the Deeds .Registry, over and above tbc solicitor’s charge, is never less than fifteen shillings, 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 eleven shillings where a whole section is conveyed ; and where* only part is convoyed (and therefore a fresh certificate of title is necessitated),, of thirty-one shillings, which is the highest sum allowed by the Act, no* matte.i what the 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 l shillings in all 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 Traansfer system: 1. It secures the principal benefits and advantages sought to be attained in a system of registration of deeds.2. It renders retrospective investigationsof title unnecessary as to all landsregistered. 3. It simplifies the titles to real property for the future. 4. It makes purchasers of the fee and _ cases perfectly secure. M 5. It simplifies, to the utmost possible * extent, the forms of transter and the modes of conveyance.