Document - Real Estate & Stock Institute of Victoria Contract of Sale (C.E.Carter of Ringwood - Agent), Unsigned draft auction contract. Vendor: Ada L. Kennedy of Warrandyte Road, Ringwood - March, 1931

Physical description

Unsigned draft auction contract of sale of land with Agent's typewritten summary. Property - Lot 3 on Plan of Subdivision 9648, Part of Crown Portion 5, Parish of Ringwood, Certificate of Title Volume 4902 Folio 980219.

Inscriptions & markings

18667 Kennedy AI Summary
The document is an unsigned draft auction contract dated 28 March 1931 for the sale of Lot 3 on Plan of Subdivision 9648, part of Crown Portion 5 and part of a former government road in the Parish of Ringwood. The land is described as having a frontage of “58 feet 6 inches to Whitehorse Road by a depth of 131 feet 5 inches on the west side and 131 feet 9 inches on the east side…” and includes all buildings and erections on the property. Ada L. Kennedy is listed as vendor, with the purchaser’s details and the purchase price left blank. The contract was prepared for auction by C.E. Carter of Ringwood.
The terms require a £150 deposit, with the balance payable by weekly instalments of 25 shillings at 7% interest until 28 March 1936, after which the remaining balance becomes due. The purchaser may pay off the whole or part of the purchase money early. The property is sold subject to existing tenancies and easements, and the purchaser must insure the buildings while instalments remain unpaid. Numerous technical amendments appear throughout the pro forma document, indicating it is a working draft.

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