Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Frances Henrietta KENNEDY. Purchaser: James BROWN - June, 1945

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18738 Kennedy – Brown AI Summary:
The document records a contract of sale dated 7 June 1945 between Frances Henrietta Kennedy of Wonga Road, Ringwood, as vendor, and James Brown of 25 Willis Street, Hampton, as purchaser. The property comprised Lot 22 on Plan of Subdivision No. 10477, being part of Crown Allotment 30, Parish of Ringwood, County of Mornington, and part of the land described in Certificate of Title Volume 5928 Folio 1185560. The land was sold subject to any registered appurtenant easements. The agreed purchase price was £59/16/-, with a £5 deposit payable on signing and the balance due within 30 days of receiving Government consent to the sale. The transaction was arranged through Charles Ernest Carter of Main Street, Ringwood, acting as agent for the vendor.
The contract incorporated the 1936 Copyright Conditions of Sale together with special wartime provisions requiring compliance with the National Security (Land Transfer) Regulations and the National Security (Economic Organisation) Regulations. The purchaser was required to execute an acknowledgement under the Farmers’ Debts Adjustment Act 1935 and, if requested, obtain a certificate of exemption under that Act. Both parties were required to apply for Commonwealth Treasurer approval of the transaction, with provision for cancellation of the contract and refund of monies paid if consent was refused. Any valuation fee required in connection with obtaining approval was to be shared equally between the vendor and purchaser.

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