Page 4 Advertisements Column 6

Patea Mail, Volume 1, Issue 32, 31 July 1875, Page 4

LAND TRANSFER ACT. LANDS alienated or contracted to ltd alienated from the Crown in fee, | prior to the coming into operation of The Land Transfer Act, 1870,” may no brought under 'the provisions of the /let by application from the personSf entitled thereto. All lands aleniiited froth tlie Crown after the coming into operation of f ‘ The Land Transfer Act, 1870,-” are subject to, and must be dealt with, in manner prescribed by the Act; -w The following are examples of TffZi | fee, payable for bringing the land under the provisions of the Lafid Transfer xVet : - . When the title consists of a grant,' dated on or subsequent to the 28th December, 1841, none of the' land included in which has beendealt with Where the certificate of title is diaected to issue in the name of the applicant: value of laud, £IOO £0 2 Where the certificate of title is directed to issue in the name of the purchaser; value of land, £IOO ... 0 Od.These charges are increased by 4s. 2 (Assurance Fund) for every additional £IOO in value. 2. When the applicant is the original grant«e, and the land has been dealt with ; or whore the applicant is not the original grantee— Where the value of the laud is £OO ... ... ... £2 4 2 Where the value of the land is £2OO ... 3 8 4 Where the value of the land is £3OO 3 2 6 : Whore 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. Tliesc 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,CKEDIT FOR FEES IS GIVEN. When desired by the applicant, in all oasGS tvhwG tlia proprietor applies ta have the land' registered uud'er 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 bis land under the provisions of the Act,- in order that whenever he dealswilh it lie may be in a position to avail' himself of the facilities afforded by having a registered title, can do so 1 without any present cost, by allowing the fees to remain unpaid until Such; deoling takes place. He will then- bo 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 arc returned,with the exception of that amount. ALL UTLES 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; while laud which has been 1 brought under the provisions of “ The Land Transfer Act ” caii? be transferred at a total cost of eleven shillings where a whole section is conveyed ; and where only part is conveyed (and therefore a fresh certificate of title is necessitated), of thirty-one shillings, 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 the Ist of January, 1872, the charge of certificate of title issued upon memoranda-of transfer is reduced to tew 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 investigations of title unnecessary as to all lands registered. 3. It simplifies the titlbs to real property for the future. ■* 4. It makes purchasers of the fee ancL cases perfectly secure. \ u. It simplifies, to- the utmost possible* extent, the forms of transler and the modes of couveyancc.