Page 4 Advertisements Column 2

Star (Christchurch), Issue 1725, 6 September 1873, Page 4

LAND TRANSFER ACT. T ANDS ALIENATED or contracted to be -*-^ 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 subject te, 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 LaHd Transfer Act : — 1. When the Title consists of a Grant, dated on er subsequent to the 28tb. December, 1841, none 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 2 Where the Certificate of Title is directed to issue in the name of the Purchaser : Value of land £100 ... 11 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 has been dealt with ; or where the applicant is not the original grantee — £ s. d. Where the value of the land is £100 2 14 2 Where the value of the hind is £200 3 3 4 Where the value of the land is £300 3 12 6 Where the value of the land is £400 1 8 Where the value of the land ia 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 land under the Act can direct the Certificates of Title to issue in the names of any other persona. Credit for f eeß is given when desired by the applicant, in all cases where tne 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 the Act, in order that whenever he deals with it he may 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 takes place. He 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, maj be investigated at a cost to the applicant of only ss , for if the title is rejected, all fees are ! returned, with the exception of that amount. CERTIFICATES OF TITLE ARE ABSOLUTELY INDEFEASIBLE. Under the old system of conveyancing if a single deed is lost, the title is in many cases rendered '.absolutely defective, and therefore unmarketable, while in others it can only be rectified at great cost. Persons who bring their land under the Act, surrender all their deeds, and receive in exchange a Certificate of Title, a duplicate of which is retained in the office. If the certificate in the possession of the registered proprietor iB at any time loat, or destroyed by fire, &c., a new certificate s supplied by the Registrar at a small cost. ALL TITLES ARE GUARANTEED BY THE GOVERNMENT. On all Conveyances by Deed under the old system, the cost of Registration in the Deeds Registry, over and above the Solicitor's charge, is never less than los, frequently very much more ; while land which has been brought under the provisions of the Land Transfer Act can be transferred at a total cost of 11s where a whole section is conveyed ; and where only part is conveyed (and therefore a Fresh Certificate of Title necessitated), of 31s which is the highest sum allowed by the Act, no matter what the value or area of the land. Under the Regulations in force on and after the Ist January, 1872,- the charge for Certificates of Title issued upon Memoranda of Transfer is reduced to 10a 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 tne 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. 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.