Page 4 Advertisements Column 5

Patea Mail, Volume 1, Issue 49, 29 September 1875, Page 4

LAND TRANSFER ACT. LANDS alienated or contracted .-to be alienated from the Crown in foe, prior., to the coming into operation of li The Land Transfer Act, 1870,” may ,e brought under the provisions of the /vet by application from the persons entitled thereto. All lands alcniatod 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. The following arc examples of the fee, payable for bringing the land under the provisions of the Land Transfer Act: 1. When the title consists of a grant, dated on or subsequent to the 28th December, 1841, none of the land included in which has been dealt with—; Where the certificate of title is diaected to issue in the name . of the applicant: ■ : value of land, £IOO '... £O, 2 Where the certificate of title is directed to issue in the name of the purchaser; • value of land, £IOO ... 0 • Od. Tliese charges are increased - by 4s. 2 ; (Assurance Fund) for every additional £IOO 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 is £OO ... ...' - ... £2 4 2 Where the value of the land Where the value of land is above £40() the fees increase .at the rate .of 4s'.. 2d. ( Assurance, Fee) for, every additional £IOO in value. ' ‘ These charges also represent , the cost of conveying land, inasmuch as applicants to bring land under the Act can direct tho certificates of title to issue- in the names of any other persons.. , CIIEDIT FOH FEES 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 tho Act, in order that whenever he deals with it lie may bo 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, lie 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 *\ cost to the applicant of only five shillings ; for if the title is rejected, all foes are returned, with the exception of that amount. AX.L LXTLES 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 land which has been brought under the, provisions of “ Tho Land Transfer Act” can 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 matte.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 upoii. 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 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*; 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. - . , 5. It simplifies, to the utmost possible ’ extent, the forms of transfer and the modes of conveyance.