Page 4 Advertisements Column 3

Star (Christchurch), Issue 1477, 21 November 1872, Page 4

£AMD TRANSFER ACT. , LAtTRH ALIENATED or contracted to be alienated from tho /Crown in fee, .prior to.the-coittiaig into operation of " The Land Transfer Aot, 1870," may be brought under :the .pxcwdaions of 'the Act by application ; 'from -the (persons entitled thereto. All Lands -alienated from the Grown after the coming ioto operation of "The Land i Transfer Aot, 1870," are subject to, and must ; be deait with in manner prescribed A>y the ; Act. ' Tte following are examples of the fees payable for bringnig il&nd under the provisions of •the Lajid Transfer Act : — 1. When tlie Title consists of a Grant, <dated on or subsequent to the 28th December, 1841, Bono of the land included in wliich has been dealt with — £ s. d. Where the Certificate of Title is directed to issue in the name of tho Applicant Value of land £100 ... Oil 2 Where the Certificate of Title is directed to issue in tho name of the Purchaser : Value of land £100 ... 111 2 These charges are increased by 4« 2d (Assurance F\ind) for every additional £100 in value. 2. When the applicant is the original grantee, and the land has been dcalfc with ; or where the applicant is not tho original grantee — £ s. d. Where the value of tho land is £100 2 14 2 Where the value of the land is £200 ... 3 3 4 Where the value of the land is £300 ... 3 12 6 Where tho value of the land i 3 £400 ... ... ... 1 8 Where the value of the land is above £400 the fees increase at the rate of 4s 2d (Assurance Fund) for every additional £100 in value. These charges also represent tho cost of conveying land, inasmuch as applicants to bring land under the Act can direct the Certificates of Title to issue in the names of any , >ther persons. Credit for fees is given when desired by the a j plicant, in all cases where the proprietor appli ss to have the land registered under the Aci •. in his own name, and the fees may rem *dn unpaid until the land is dealt with. Ai V person, therefore, who wishes to bring his k nd under the provisions of the Act, in order that whenever he deals with ifc he may be in i \ position to avail himself of the facilities afl pi-dcd by having a Registered Title, can clo so w Ithout any present cost, by allowing the fees to i 'emain unpaid until such dealing takes place. . V^ c w iH then be in a position to mortgage, tra; yfer, lease, or otherwise deal with his laud at «. moment's notice. Any Uth V however long and complex, may be investig ** e d at a cost to the applicant of only ss , for "if tbe title is rejected, all fees are returned, wi v 'li the exception of that amount. CERTIFICA'i "ES OF TITLE ARE ABSOLUTE UY INDEFEASIBLE. Under the o. '-d system of conveyancing if a single dci 'd i 3 lost, the title is in many cases ren "iercd [absolutely defective, and therefore unmarketable, while in others ifc can oi ily be rectified at great cost. Persons a vho bring then* land Hnder the Act, sun ender all tlieir deeds, and \ receive in exchange a Certificate of Title, a duplicate of which i B retained in the office If the certificate in the possession of the registered proprietor ifl afc any time lost, or destroyed by fire, &c, tw new certificate s supplied by fche Registrar at a small cost. ALL '22TLES ARE GUARANTEED BY THE GOVERNMENT. On all CJeciveyances by Deed under the old system, the ..east of Registration in tho Deeds Registry, ovor .md above the Solicitor's charge, is never less s'Jhan 15s, frequently very much more ; while ifvtd. which has been brought under the provisions of fche Land Transfer Act can be fcraKfi£«*red at a total cost of lis where a whole .aeafjiwi is conveyed ; and whore only part is convened (and therefore a Fresh Certificate of 'Title necessitated), of 31a which ib the highest sum by tho Act, no swatter what the value .or area of tho land. Under the Regulations jn force on and after th« Ist January, 1872, the charge for Certificates of Title issued upon Memoranda of Transfer is reduced to 10s in all cases where the value of the land is under £10. The total cost of executing a Mortgage or Lease of Land registered under the Act is 12s no matter what the amount involved. A Mortgage may be transferred or discharged ; or a Lease transferred or surrendered for ss. THESE OPERATIONS INVOLVE NO DELAYS. The following are some of the advantages conferred by the Land Transfer system : 1. Ifc secures the principal benefits and advantages sought to be attained in a system I | of registration of deeds. I