Page 4 Advertisements Column 6

Patea Mail, Volume 1, Issue 33, 4 August 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 “The Laud Transfer Act, 1870,” may ,e brought under the provisions of the tvet by application from the persons entitled thereto. All lands aleniated from the Crown after the coming into operation of “ The Land Transfer Act, 1870,” arc subject to, and must be dealt with, in manner prescribed by the Act. The following are examples of th™ fee, payable for bringing the land under the provisions of the Laud Transfer | Act: 1 . When the title consists of a grant, j dated on or subsequent' to the I 28th December, 1841, none of the ■ land included in which has been I dealt with— I Where the certificate of title is diaected to issue in the name of the applicant: value of land, £ lUO ... £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 addi- | tional £ UK) 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 its £OU ... ... ••• £2 4 2 Where the value of the laud is £2OO ... ... ... 3 3 4 Where the value of the land is £3OO ... ... ... 32 6 I Where the value of the land j is £4OO ... ... ... 4 1 8 | Where the value of land is above £4OO I the fees increase at the rate of 4s. 2d. j (Assurance Fee) for every additional j £IOO in value. j These charges also represent the cost of i conveying land, inasmuch as applicants i to bring land under the Act can direct the certificates of title to issue in the i names of any other persons. ! CREDIT FOR FEES IS GIVEN. j When desired by the applicant, in all I cases where the proprietor applies to j have the land registered under the Act iin his own name, and the fees may ' remain unpaid until the laud is dealt i 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 1 having a registered title, can do so I without any present cost, by allowing 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, ! with the exception of that amount. ALL LITRES ARE GUARANTEED RY 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 fifteen shillings, frequently very much more; while land which has been brought under the provisions of'“ The Laud Transfer Act” can he 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 mattc.i what the value or area of the : laud. 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 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 OI'ERATIONS INVOLVE NO DELAYS. : The following are some of the advani tages Conferred by the Land Traansfer I system: 1. It secures the principal benefits and 1 advantages sought to be attained ! in a system of registration of deeds. 2, It renders retrospective investigations i of title unnecessary as to all lands I registered, i 3. It simplifies the titles to real property I for the future. j 4. It makes purchasers oi the fee ! cases perfectly secure. ! 5. It simplifies, to the utmost possible : extent, the forms of transfer and I the modes of conveyance.