Page 4 Advertisements Column 3

Star (Christchurch), Issue 1476, 20 November 1872, Page 4

LAND TRANSFER ACT. X ANDS ALIENATED or contracted to "be j -"-^ alienated from tie in fee, prior to the corning into operation of " The Land Transfer Act, 1870," may be -brought under | the provisions of the Act by application from the persons entitled thereto. ! AH Lands alienated from the 'Crown after j 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 are examples of the fees payable for bringing land -under the provisions of the Land Transfer Act : — 1. When the Title consists of a Grant, dated on or subsequent to the 25th December, .1841, none of the laud included in which has been dealt with — £ b. d. Where the Certificate of Title is directed to issue in the name of the Applicant Value of land £100 ... Oil 2 Whenc the Certificate of Title is directed "to issue in the name of the Purchaser : Value of land £100 ... 11l 2 These charges are ■increased by 4s 2d (Assurance Fund) for every additional £100 in value. 2. "When 'the applicant is the original grantee, and 'the land lias been dealt with ; or whore the applicaut is not the original grantee — £ b. d. Where .the value of the hind is £3:00 ... ... ... 214 2 Where the rvalue of the 'land is £200 3 3 4 Whore the value of the land is £300 3 12 6 Where the .value of the land. is £-100 „. 1 8 Where the value of .the land. is. above £400 the fees increase at the rate of 4b 2d (Assurance Fund) for every additional £100 in value. These charges .also represent the cost of conveying land, inasmuch as applicants to bring laud underihe Act can -direct-the Certificates of Title to issue in the names of any other persons. Credit for fees jw.-gi~en when desired by the applicant, in all cases .w.horo .the applies to have the land rrcgistered under the Act in his own name, ,-aud the fees may remain unpaid until .the land is dealt with. Any pei-son, therefore, who wishes to bring hia land under fcke .pro-visions of .the Act, in order that whenever ho deals .wi<;h it he may be in a position to avail himself of the facilities afforded by haying .n. Registered Title, can do so without any present coat, by. allowing the fees to remain unpaid until -such dealing takes place. He will then he in a position to mortgage, transfer, lease, ci I . otherwise- deal with his land at n moment's notioe. An;/ title, however long and .complex, .may be investigated at a cost to the applicant of only 59 , for if the title is rejected, allfees are returned, with the exception of bh&L amount. CERTIFICATES OF TITLE ARE ABSOLUTELY INDEFEASIBLE. Under the old system of conveyancing if a single deed is lost, the title is in Hiany cases rendered labsolutely defective, and therefore 'unmarketable, while in otkers it can only be rectified at great cost. Persons who bring their land Hiictpr the Act, surrender all their deeds, and receive in exchange a Certificate of Title, & duplicate of which is retained in 'the office If th£ certificate in the possession of the registe?jed proprietor is at any time lost, or destroyed by fire, &c, a new certificate s supplied by ihe Registrar at a small cost. ALL TITLES ARE GUARANTEED BY THE GOVERNMENT. On all Conveyances by Deed under the old system, the eaqt of Registration in the Deeds Registry, over and above the Solicitor's charge. is never lesa tha© 15s, frequently very much tic-oro; while land which has been brought UVider the provisions of the Land Transfer Act can be transferred at a total cost of 11s whesce a whole section is conveyed ; and where only «art is conveyed .(and therefore a Fresh Certificate ©f Title necessitated) , of 31s which is the kighest sum allowed by the Act, no matter what the value or wren, of the land. Under the Regulations uu force on and after the Ist .January, 1872, the cjiarge for Certificates pi Title issued upon Memoranda of Transfer is reduced to 10a in ?J1 cases where the value of the Jand is under £10. The total cost of executing a Mortgage or Lease of Land registered under the Act ia 12s no matter what the amount involved, A Mortgage may "be transferred or discharged ; or a Leaso i*jinsferred or surrendered for sb. I THESE OPERATIONS INVOLVE I NO DELAYS, | The following are some of tlio advantages con- ] ferred by the Land Transfer system : 1. Ifc secures the principal benefits a-ud advantages nought to be attained jn A pyntem of regietrsiiofl of deeds,