Page 4 Advertisements Column 5

Patea Mail, Volume 1, Issue 48, 25 September 1875, Page 4

LAND TRANSFER ACT. LANDS alienated or contracted to be alienated from the Crown in fee, | ]>rior to the coming into operation of A'The Land Transfer Act, 1870,” may m,c brought under the provisions of the I .net by application from the persons ! entitled thereto. 1 | All lands aloniated from the Crown after the coming into operation of “ The Land Transfer Act, 1870,” are subject to, and must be dealt with, in manner ! prescribed by the Act. I The following arc examples of the | fee, payable for bringing the land under ; the provisions of the Laud Transfer i Act: — ■ 1, When the title consists of a grant, j dated on or subsequent to the j 28th December, 1841, none of the | ' land included in which has been I dealt with—j Where the certificate of title j is diaocted to issue in the I name of the applicant; | value of land, £IOO ... £0 2 | Where the certificate of title | is directed to issue in the i name of the purchaser; 1 value of land, £IOO ... 0 Od. I These charges are increased by 4s. 2 | (Assurance Fund) for every addiI tional £IOO in value. | 2. When the applicant is the original j grantee, and the land has been j dealt with ; or where the applicant i is not the original grantee— I Whore the value of the land : Where the value of land is above £4OO i the fees increase at the rate of 4s. 2d. I (Assurance Fee) for every additional j £ 100 in value. ! These charges also represent the cost of | conveying land, inasmuch as applicants j to bring land under the Act can direct ; the certificates of title to issue in the I names of any other persons. ! CREDIT FOR FEUS 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 deals with it he 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 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 live shillings ; for if the title is rejected, all fees are returned, with the exception of that amount, ALL LITRES ARE GUARANTEED 15Y | THE GOVERNMENT. ! On all conveyances by deed under the old system, tlie 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 land which has been The revisions 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. J Under the Regulations in force on i ■and after the Ist of January, 1872, the | charge of certificate of title issued upon j memoranda of transfer is reduced to ten j shillings in all cases whore 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. j A mortgage may bo transferred or | discharged, or a lease transferred or surrendered for five shillings. THESE OPERATIONS INVOLVE NO DELAYS. The following are some of the advan- i tages conferred by the Land Traansfer j 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 titles to real property for the future. 4. It makes purchasers of the fee and \ cases perfectly secure. I C>. It simplifies, to the utmost possible extent, the forms of transfer and the modes of conveyance.