Page 4 Advertisements Column 6

Patea Mail, Volume 1, Issue 34, 7 August 1875, Page 4

LAND TRANSFER ACT. LANDS alienated »»r contracted to bo alienated from the Crown in fee, ■ prior To the coming into operation of “Tho Land Transfer Aet, 1870,” may jo brought tindei’ the provisions of the .wet by application from the persons entitled thereto, j., All lauds ahniiated from the Crown after the coming into operation IjtrVTlic ■ Land Transfer Aet, 1870,” are Subject to, and must be dealt with, in manner prescribed by the Act. j ; The following are examples of the fee, payable for bringing the land under ( the provisions of the Land. Transfer j. Act :—■ . When the title consists of a grant, 5 | dated on or subsequent to the i 28th December, 1841, none of the ’ , land included in which has been dealt with—--1 , Where the certificate of title j. is diaected to issue in tin; name of the applicant; value of laud, A' IUO ... £0 2 I ! Where the certificate of title j is directed to issue in the ’ >- name of the purchaser; value of laud, £IOO ... 0 Od. ! These charges are increased by 4s. 2 ; ! (Assurance Fund) for every addi- ! tioual £IOO in value. 1 2. When the applicant is the original grantee, and the laud lias been dealt with; or where the applicant is not the original grantee—i Where the value of land is above £4OO | the foes increase at the rate of 4s. 2d. j (Assurance Fee) for every additional ■ £IOO in value. 1 These charges also represent the eost of ! convoying land, inasmuch as applicants i to bring laud under the Act can direct | the certificates of title to issue in the ! names of any oilier persons. CUKDIT FOll FEES IS GIVEN. When desired by the applicant, in all i cases where the proprietor applies to i have the land registered under the Act ;in his own name, and the fees may : remain unpaid until the land is dealt i with. | Any person, therefore, who wishes to | bring his laud under the provisions of -=• j the Act, in order that whenever lie deals ; with it lie 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 i deoling takiSs place. He will then he in | a position to mortgage, transfer’ lease, :or otherwise deal with his laud at u ! moment’s notice. j Any title, however long and complex, i may be investigated at a eost to the | applicant of only five shillings ; for if i the title is rejected, all fees are, returned, | with the exception of that amount. | ALL LITLKS All 15 GUAHAXTKJSI) HV TIMS GOVEUNMENT. On all conveyances by deed under the old system, the cost ol registration in the Deeds Registry, over and above the solicitor’s charge, is never less than fifteen shillings, frequently very much j more; while land which lias been j brought under tiie provisions of “ The j Laud Transfer Act ” can lie transferred I 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 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 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 01‘EllATIONS INVOLVE NO DELAYS. The following are some of the advantages conferred by the Land Traansfor system:— r , ; 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. A 3. It simplifies the titles to real property for the future. 4. It makes purchasers ol the fee and cases perfectly secure. 5. It simplifies, to the utmost possible extent, the forms of transfer and the modes of conveyance.