Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Ewart Gladstone SALTER. Purchaser: Norman ARUNDEL - March, 1944

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18701 Salter - Arundel AI Summary:
The document records a contract of sale dated 31 March 1944 between Ewart Gladstone Salter (vendor) and Norman Arundel (purchaser) for Lots 19, 20, 31, 32 and 33 of Plan of Subdivision 11993, being part of Crown Allotment 42, Parish of Ringwood, County of Mornington, and forming part of the Dublin Road Estate. The land is further identified in Certificate of Title Volume 663 Folio 132519. The agreed purchase price was £255, with a £100 deposit paid on signing and the balance payable by twelve consecutive quarterly instalments of £12/18/4, with 5% interest calculated at the beginning of each quarter. The sale was negotiated through C. E. Carter of Ringwood, acting as agent for the vendor.
The contract incorporates the 1936 Copyright Conditions of Sale and includes special conditions relating to wartime legislation, including compliance with the National Security (Land Transfer) Regulations and the National Security (Economic Organisation) Regulations, as well as an acknowledgment under the Farmers’ Debts Adjustment Act 1935. Both parties were required to share the valuer’s fee equally. Possession or receipt of rents was to commence upon acceptance of the vendor’s title and payment of the deposit. The document also outlines default provisions, instalment recovery rights, and auction conditions, forming a complete legal framework for the transfer of the Ringwood allotments within the Dublin Road Estate.

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