Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Henry SYMES. Purchaser: James O'CONNELL - December, 1936

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18706 Symes – O’Connell AI Summary:
The document records a Contract of Sale dated 22 December 1936 between Henry Symes of Mount Dandenong Road, Ringwood East (Vendor) and James O’Connell of Mullum Road, Ringwood (Purchaser). The property comprises a 60 foot frontage to the west side of New Street, with a depth of 191 feet 5 inches, forming part of Crown Allotment 4, Parish of Ringwood, County of Mornington. The land is described in Certificate of Title Volume 5855 Folio 1170897 and is sold together with all improvements erected thereon. C.E. Carter of Ringwood acts as agent for the vendor.
The purchase price is £450, with a £100 deposit—£5 already paid and the remaining £95 due within fourteen days. The balance of the purchase money is to be paid by weekly instalments of 20 shillings over five years, after which the residue becomes payable. Interest is charged at 5% per annum, calculated on quarterly rests, with each quarter’s interest deducted from the instalments paid and the remainder credited toward the principal.
Under the special conditions, the purchaser attorns and becomes tenant from the date of sale at a weekly rental of 20 shillings, credited toward purchase money and interest. The purchaser may pay off the whole or any part of the balance on any quarterly date, with interest calculated only to the date of payment. The contract incorporates the 1931 Copyright Conditions of Sale and is fully executed by both parties.

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