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

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18745 Kennedy - Stockton AI Summary:
The document records a contract of sale dated 10 September 1945 between Frances Henrietta Kennedy of Wonga Road, Ringwood, as vendor, and Herbert Stockton of “Hilston”, Frame Avenue, Tecoma, as purchaser. The property comprised Lot 21 on Plan of Subdivision No. 10477, being part of Crown Allotment 30, Parish of Warrandyte, County of Evelyn, and part of the land described in Certificate of Title Volume 5928 Folio 1185560. The allotment was described as having a frontage of 55 feet to Kennedy Avenue, Ringwood. The agreed purchase price was £61/17/6, with a £10 deposit payable on signing and the balance due within 14 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 obliged 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 also provided that any valuation fee associated with obtaining approval would be shared equally between the vendor and purchaser.

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