Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Herbert Edward WATSON. Purchaser: William John MARRIS - September, 1945

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18746 Watson - Marris AI Summary:
The document records a contract of sale dated 10 November 1945 between Herbert Edward Watson of Willana Street, Ringwood, as vendor, and William John Marris of 550 Brunswick Street, North Fitzroy, as purchaser. The property comprised Lot 1 on Plan of Subdivision No. 11645, being part of Crown Portion 26A, Parish of Ringwood, County of Mornington, and part of the land described in Certificate of Title Volume 5164 Folio 1032616. The allotment was described as having a frontage of 72 feet 2 inches to Mount Dandenong Road, Ringwood East, and a depth of 143 feet. The agreed purchase price was £108, with a £20 deposit comprising £5 on signing and a further £15 within seven days, with the balance payable 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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