Page 4 Advertisements Column 5

Patea Mail, Volume 1, Issue 46, 18 September 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 j ’•'Tin 1 Land Transfer Act, 1870,” may | • e brought under the provisions of the! Act by application from the persons entitled thereto. All lands aleniatod from the Crown after the coming into operation of “ The Land Transfer Act, 1670,” are subject to, and must be dealt with, in manner prescribed by the Act. The following are examples of the ; fee, payable for bringing- the land under I the provisions of the Land Transfer j Act:— ! I. When the title consists of a grant, dated on or subsequent to the 28th December, 1841, none of the land Included in which lias been dealt with—i Where the certificate of title ; is diuectcd to issue in the | name of tire applicant; ■ value of land, £IOO ... £0 2 l Where the certificate of title ; is directed to issue in the : name of the purchaser; value of laud, £IOO ... 0 Od. i . These charges are increased by 4s. 2 j I (Assurance Fund) lor every addi- i I tioual £IOO in value. ! 2-. When the applicant is the original ; grantee, and the land has been ; I dealt with ; or where the applicant ; is not the original grantee — I Where the value of the land is £OO £2 4 2 j Where the value of the land i is £2OO 3 3 4 Where the value of the laud ! is £3OO 32 G J Where the value of the land | is £4OO 4 1 Si Where the value of land is above £4OO j the fees increase at the rate of 4s. 2d. : (Assurance Fee) for every additional £IOO iu value. j These charges also represent the cost of i conveying land, inasmuch as applicants; to bring land under the Act can direct; the certificates of title to issue iu the 1 names of any other persons. | CREDIT Foil FEES IS GIVE??. When desired by the applicant, in all cases where the proprietor applies to have the land registered under the Act in Ids 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 j the Act, iu order that whenever ho deals j with it he may be in a position to avail ! himself of the facilities afforded by j having a registered title, can do so j without any present cost, by allowing ’ the fees to remain unpaid until such I deoliug takes place. He will then he, iu ; a position to mortgage, transfer’ -lease, ; or otherwise deal with Ids land at a ; moment’s notice. j Any title, however long and complex, i may be investigated at a, cost to the : applicant of only live shillings ; for if; the title is rejected, all fees are reiumed., with the exception of that amount, ALL TITLES ARE GUARANTEED RY j THE GOVERNMENT. : On all conveyances by deed under > the old system, the cost oi registration i in the Deeds Registry, over and above.; the solicitor’s charge, is never less than I fifteen shillings, frequently very much ! more; while land which lias been ■ brought under the provisions of “ The j Laud Transfer Act” can bo transferred at a total cost of eleven shillings where i a whole section is conveyed ; and where ■ only part is conveyed (and therefore a i fresh certificate of title is necessitated.), j of thirty-one .--hillings, which is the i highest sum allowed by the Act, no I matto.i what the value or area of the ; land. ■. Under the Regulations in force on | and after the Ist of January, 1872, the I charge of certificate of title issued upon ; memoranda of transfer is reduced to ton 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 i: the amount involved. i A mortgage may he transferred or. discharged, or-a lca.se transferred or , surrendered for five shillings. ; ■ THESE OPERATIONS INVOLVE NO 1 f DELAYS. The following arc some of the advan- ; ( tages conferred by the Land Traansier ; j system:— g I. It secures the principal benefits and : advantages sought to be attained ■' in a system of registration of deeds. : f 2. It renders retrospective investigations ■ j of title unnecessary as to all lands ‘ registered. j 3. It simplifies the titles to real property c for the future. : 1 I. It makes purchasers of the fee and 1 ! cas"s rp-rfeHly ‘weave. I. k simplifies, to dm elm-wt y.r-■■■■A} oxuul, the forms of iran.-Hor and; the modes of conveyance.