Page 4 Advertisements Column 3

Star (Christchurch), Issue 1478, 22 November 1872, Page 4

I LAND !23&£§SFER AGS. I L>A2n)S .A&iEE>W^^ED or contracted to be j TAUenabed^om^he^lCrowttrin: fee, prior tothecommg-into-qperationof «The Land Transfer Act, 18707' maybe brought under the provisions of * the Acfc by -application foam the tpersons entitled thereto. All Lands alienated from the Crown after tbe commg into operation of "The Land Transfer Act; 18707' are Bubject to, *nd must be dealt --with !>m> -manner, prescribed •; -by the Act. The following- aro-examples of the- fees pay»Me for bringing land under the provisions of 4he Land: Transfer. -Act : — 1. Whan: the t Title consists »f a Grant, dated on or subsequent to the 28th December, 1841, none of the' lend included in. which has been dealt -with — _£.~c. d. Wihsre .the. Certificate of Title is directed; to issue in the name iof the Applicant Value of land £100 ... ail 2 Wfosve the Gerfcifiente of . Title is directeduto /issue in tho jiame of l the Purchaser : Value.of:landa3loo ... 111! 2 These are inereaeed by 4a 2d .^Assnismae iFund) for every", additional £100;- in value. 2. Wiiea .the ..applicant is the original grantee, .tend ( the land i : b*s.. been dealt with. ; or where ifcho .applicant is not the original grantee — B £ s. d. Wihere ithe value of' the land is £100 2 : 14 -2] Whore ithe -.-value -of .the land. is £200 ... .~ 3 .3 4 Where #ho. value, >of fche,land.is '■ £3QQ ... 3 12 .& Where the, vaUie of the iand is £409 1 8 Where the -vjslue of the land is above £100 the fees increase .at the rate of 4s 2d (Assurance Fund) for- every- .additional £100 in value. These charges .also represent fcho cost of > conveying land, <jnasm.u.cb as applicants toj bring land undentlie Act can,. direct the Certificates of Title fco .issue , in . the . names of any other persons. Credit for fees is igiven -. when desiped : by the applicant, in all cases where fche. proprietor ay plies to have tke land registered 'under the Act in his own ayune, and the .Sees may remain unpaid until .Ike- land is dqalfc with. Any person, therefore,, who wishes to -bring his land under the provisions of the Act, in order that whenever he deals with, ifc he r anay 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 dealing -fca&ftfl place. He will then bein.a position to. niortIgage, transfer, lease, or otherwise deal with hig ' land at a moment's notice. Any title, however long and .complex, may t*.jo investigated at a cost to tlio applicant of ,c«ly 5s , for if the title is rejected., all fees are wifch fche exception.of .thafc amount. K3ITB.TIFICATES OF TITLE -AB-E ABSOLUTELY INDEFEASIBLE. ; TJ>xler the old system- of conveyancing -if ..a single deed is lost, fche .title is in maiiy cases rendered defective., and unmarketable, whUo in others ifc can only be rectified ; afc giieat cpsfc. Persons who bring their land nndor. tjve Acfc, sui'rendcr all their deeds, ai?d receive .ju exchange a Certificate of Title, &• duplicate of which is retained in the office .If the .certificate in tho possession of the! registered jproprietor is at any time lost, or destroyed; eg" fire, Sec., a now certificate s sup" plied, by the Registrar at a small cosfc. s ALL TITLES ARE GUARANTEED BY Tim GOVERNMENT. On all Conveyances by Deed under the old system, the costcOf Registration in fcho Deeds Registry, over and above tho Solicitor's charge. it never iess than 15s, frequently very much mere; while land wliich has been brought .under the provisions of the Land Transfer Act .can be transferred at a total cost of lis -where a whole section is conveyed ; and whore only put is conveyed (and therefore a Fresh Certificate of Title necessitated), of 31s which is the highest sum allowed by the Acfc, no matter what the value or area of the land. Under the Regulations in &>rce on and after tiie Ist January, 1872, tho charge for Certificates of Title issued upon Memoranda of Transfer js reduced to 10s in all cases where the value of the land is under £10, Tbe total cost of executing a Jfortgage or Lease of Lajid registered under the Act is 12s no matter what the amount involved, A Mortgage may be transferred or discharged ; or a Lease transferred or eurrendered for ss. 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 JP a sysfceir J of registration of deeds. j