Page 4 Advertisements Column 6

Press, Volume XIX, Issue 2814, 9 May 1872, Page 4

Miscellaneous. LAND TRANSFER ACT. •• I" ANDS ALIENATED or contracted to be J_i alienated from the Crown in fee, prior to the coming into operation of " The Land Transfer Act, 1870," may be brought under the provisions of the Act by application from the persons entitled thereto. All Lands alienated from the Crown after the coming into operation of " The Land Transfer Act, 1870," are suoject to, and must be dealt with in manner prescribed by the Act. t Tho following are examples of the fees payable for bringing land under the provisious of the Land Transfer Act: — S 1. When the Title consists of a Grant, dated on or subsequent to the 28th December, 1841, noue of the land included in which has been dealt with— & s. d Where the Certificate of Title is directed to issue in the name of the Applicant: Value of land, £100 ... 011 5 D Where the Certificate of Title is directed to issue in the r name of the Purchaser : Value of land £100 ... 11l I ie These charges are increased by 4s 2d (As^ as surance Fund) for every additional £100 it is value. ■ n 2. When the applicant is the origina ie grantee, and the land has been dealt with 5 or where the applicant is not the original Q grantee— 6 £ s. d "Where the value of the land is £100 2 14 5 "Where the value of the land is *c £200 3 3 4 *" Where the value of the land ie i- £300 3 12 ( 111 Where the value of the land is 6 £400 4 1 i Where the value of the land is above £4CK lj the fees increase at the rate of 4s 2d (Assu it ranee Fund; for every additional £100 ii £ . value, ig These charges also represent the cost o; conveying land, inasmuch as applicants t< bring land under the Act can direct the Cer :d tificates of Title to issue in the names of anj 0 other persons. :d Credit for fees is given when desired bj the applicant, in all cases where the proprie is tor applies to have the land registerec tg under the Act in his own name, and th na fees may remain unpaid until the land ii dealt with. Any person, therefore, who wishes to brinj V his land under the provisions of the Act, ii v- order that whenever he deals with it he ma; b- be in a position to avail himself of the faci lities afforded by having a registered title can do so without any present cost, by allow ing the fees to remain unpaid until sucl dealing takes place. He will then be in i position to mortgage, transfer, lease, or other wise deal with his land at a moment's notice Any title, however long and complex, ma; be investigated at a cost to the applicant o only ss, for if the title is rejected, all fee are returned, with the exception of tha amount. CERTIFICATES OF TITLE ARE ABSO LUTELY INDEFEASIBLE. Under the old system of conveyancing if a single deed is lost, the title is ii many cases rendered absolutely defective and therefore unmarketable, while in other E » it can only be rectified at great cost. Per sons who bring their land under the Act, sur render all their deeds, and receive in ex ?* change a certificate of title, a duplicate o; !l * which is retained in the office. If the certi ficate in the possession of the registered pro prietor is at any time lost, or destroyed bj s » fire, *"* a- new certificate 3 supplied fc>y tin s a.l. & sxua.ll. cost. l d ALL TITLES AEE GUARANTEED B"S THE GOVERNMENT. *c *^~~^ — L. On all Conveyances by Deed under the ole system, the cost of Registration in the Deedi Kegistiy, over and above the Solicitors charge, is never less than 16s, frequently a . very much more; while land, whict Q " has been brought under the pio 3 f visions of the Land Transfer Ac: in can be transferred at a total cost of 111 q where a whole section is conveyed; anc 0 . where only part is conveyed (and therefore « Fresh Certificate of Title necessitated), o; 31s, which is the highest sum allowed by thi jj, Act, no matter what the value or area of th< to land - to Under the Regulations in force on ano after the Ist January, 1872, the charge foi Certificates of Title issued upon Memoranda 11 of Transfer is reduced to 10s in all cases in where the value of the land is under £10. 3r The total cost of executing a Mortgage or Lease of Land registered under the Act is 12s no matter what the amount involved. is A mortgage may be transferred or discharged ; or a Lease transferred or surrendered for 6s. in V THESE OPERATIONS INVOLVE NO DELAYS. The following are some of the advantages conferred by the Land Transfer 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 leases perfectly secure. 5. It simplifies to the utmost possible extent the forms of transfer and the modes of conveyance. 6. It increases the saleable value of land. 7. It tends to lower the rate of interest on loans secured on lands. 8. It gives facilities for the sale of large estates in allotments. Transactions can be effected at a moment's notice, and at a minimum of cost. 10. Frauds in the purchase and sale of land are effectually prevented, because the certificate of title in the possession of the vendor shows the exact condition of the estate, i.e., if the estate be mortgaged, encumbered, or leased. Memoranda disclosing the particulars of any such transaction affecting the estate are written upon the Certificate of Title. The fees chargeable by the eeveral District Land Registrars shall be as follows :— £ s. d. For bringing land under the provisions of the Act: — When the title consists of a grant dated on or subsequent to the 28th December, 1841, and none of the land included therein has been dealt with ... 0 2 0 When the title is of any other description, and the value 1. exceeds £300 10 0 When the title iB of any other ~ description, and the value B exceeds £200 and does not a exceed £300 0 15 0 When the title is of any other description, and the value i. exceeds £100 and does not t exceed £200 0 10 0 c When the title is of any other description, and the value does not exceed £100 ... 0 5 0 Contribution to Assurance Fund c upon first bringing land under this Act, and upon the registration of an ettate