Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: John NELSON. Purchaser: Frederick R. VEACH - September, 1945

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18744 Nelson - Veach AI Summary:
The document records a contract of sale dated 8 September 1945 between John Nelson of 17 Dickens Street, St Kilda, as vendor, and Frederick R. Veach of Bayswater Road, Bayswater, as purchaser. The property comprised Lot 58 on Plan of Subdivision No. 3265, being part of Crown Allotment 32B, Parish of Scoresby, County of Mornington, and described in Certificate of Title Volume 2359 Folio 471797. The land was noted as having a frontage of 533 feet 7 inches to Scoresby Road and a depth of 164 feet 10 inches along Boronia Road. The agreed purchase price was £175, with a £10 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 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 obtain a certificate of exemption if required. Both vendor and purchaser 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. The special conditions further provided that any valuation fee associated with obtaining approval would be shared equally between the vendor and purchaser, and that the vendor would remain responsible for any outstanding liability relating to dividing fences.

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