Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Stanley B. HARRIS. Purchaser: Julia Carroll GREY and Charles Herbert GREY - July, 1945

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18741 Harris – Grey AI Summary:
The document records a contract of sale dated 14 July 1945 between Stanley B. Harris of 44 Barrow Street, East Coburg, as vendor, and Julia Carroll Grey and Charles Herbert Grey of Wantirna Road, Ringwood, as purchasers. The property comprised 3 acres and 2 perches, being part of Crown Portion 10, Parish of Ringwood, County of Mornington, and described in Certificates of Title Volume 4359 Folio 871644 and Volume 4214 Folio 842737. The sale included all buildings and erections on the land together with any registered appurtenant easements. The agreed purchase price was £650, with a £150 deposit comprising £50 on signing and a further £100 within 14 days of receiving Government consent to the sale. The balance, including interest at 4¾ per cent per annum, was payable by weekly instalments of 30 shillings, with the remaining balance due on 1 August 1950. 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 purchasers were required to execute an acknowledgement under the Farmers’ Debts Adjustment Act 1935 and obtain a certificate of exemption if required. Both vendor and purchasers were obligated to seek Commonwealth Treasurer approval of the transaction, with provision for cancellation of the contract and refund of monies paid if consent was refused. The special conditions also provided that any valuation fee required in connection with the approval process would be shared equally between the parties, and that the purchasers could pay off all or part of the outstanding purchase money before the due date with interest calculated to the date of payment.

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