Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Herbert Edward WATSON. Purchaser: Douglas John MICHIE - February, 1946

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18753 Watson - Michie AI Summary:
The document records a contract of sale dated 21 February 1946 between Herbert Edward Watson of Willana Street, Ringwood, as vendor, and Douglas John Michie of 27 Mount Dandenong Road, Ringwood, as purchaser. The property comprised Lot 2 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 70 feet to Mount Dandenong Road, Ringwood East. The agreed purchase price was £105, with a £20 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, the National Security (Economic Organisation) Regulations, and the Farmers’ Debts Adjustment Act 1935. The purchaser was required to execute the necessary acknowledgements and obtain any exemption certificates if required, while both parties were obliged to apply for Commonwealth Treasurer approval of the transaction. The special conditions provided that any valuation fee associated with obtaining approval would be shared equally between the vendor and purchaser.

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