Figures 256 and 257 show two different forms of cards used for an index of tenants. The sizes of the cards are 3 by 5 and 4 by 6 inches, respectively. They are filed alphabetically. The above described property is this day sold by the undersigned agent, but subject to the approval of the owner thereof, to said Wallag M. Hanson. Fyn thousand Three thousand for the total sum of Dollars, payable Dollars as 8 part, and the remainder of Dollars, payable with interest at Six per cent per annum payable semi-annually, said deferred payments to be secured by first purchase money Deed of Trust on the above mentioned property. Said property will be conveyed by General Warranty Deed free from liens and incumbrances, except as to general and sprinkling taxes for the year...190.6 taxes levied or assessed during the year and subsequent years and all special existing leases now on said property, expiring.. which the purchaser accepts, subject also to Deed ef Trust now on caid premises for $ due which the purchaser assumes and agrees to pay; subject also to restrictions now on said property, or such as may be imposed thereon by the grantor. The said purchaser is accorded ten days' time from this date in which to have the title investigated and to close the sale at the office of the Mississippi Valley Trust Company. If, upon examination, the title proves to be defective, and cannot be made good within a reasonable time, the sale shall be off and the earnest money returned, if the purchaser so elects, but otherwise the sale shall stand good and be binding upou pur chaser and owner; should title prove to be defective and cannot be made good, as aforesaid, the cost of certificate of title not to exceed Dollars, will be refunded to said purchaser Rents, lusurance, Interest on Deed of Trust and Taxes on said property to be prorated to date of closing this sale. Upon the completion of this sale a commission of 2% is to be paid to the Mississippi Valley Trust Company by the vendor. Time is declared to be the essence of this contract, and if sale is not closed promptly as above provided, then, withou, any notice whatever, at option of owner of said property, said earuest money hereby receipted for shall be forfeited to said owner as liquidated damages, aud said purchaser shall be taken to have waived all right, interest or equity under this contract and in said property, as though this contract had not been made. SIGNED IN DUPLICATE. Accepted under above terms and conditions. Wallace M. Hanson Purchaser. MISSISSIPPI VALLEY TRUST COMPANY, Agent. Real Estate Officer This receipt to be returned to MISSISSIPPI Valley TRUST CO., on closing of purchase. FIG. 260.-MEMORANDUM OF SALE. 362 Figure 258 represents a card 4 by 6 inches in size used for an index of owners of property. A loose-leaf form for a list of inquirers after property is given in Figure 259. Many companies issue booklets giving a list of the properties which they offer for sale, describing each property briefly and stating the price asked. Property ...SALE... 1247 Folliver An Purchaser and Owner Raves Burime FIG. 261.-REPORT OF SALE. When a customer decides upon the purchase of a property, he pays down a small amount as "earnest money," and is given a receipt or memorandum of sale in such a form as that shown in Figure 260. This is written and signed in duplicate, the company retaining a copy. Upon completion of the sale, if by payment in full, the company delivers to the purchaser the former owner's warranty deed; if by partial payment, the purchaser delivers his note or notes for the balance of the purchase price, together with a mortgage securing same, and receives the warranty deed. In either case an abstract, certificate of title or policy of title insurance is also furnished. Sales are also made under land contract. The employee making a sale fills out and hands to the real estate -officer, together with the cash received, a report of such sale on a form like that shown in Figure 261. St. Louis, James J. Smitt Jan 1363 Finney Air. 15_1907 Kindly allow bearer to inspect premises occupied by you, and by so doing oblige, Very truly yours, MISSISSIPPI VALLEY TRUST CO., By R. S. J. FIG. 262.-PERMISSION TO INSPECT PROPERTY. When the company's agent does not accompany the inquirer to the property which he wishes to inspect, it is convenient to use a card like that represented in Figure 262, addressed to the occupant of the property, or to the party who is locally in charge. Property may be rented from month to month without a formal written agreement, or for a specified term under a written lease. Forms of leases vary according to the conditions. The employee who rents a property hands in for the use of the bookkeeper a memorandum like that in Figure 263. In case of a removal, he uses the form shown in Figure 264. Ordinary blank forms answer the purpose for receipts for rent, but it is more convenient to have a special form such as that shown with The law requires monthly tenants to give one month's notice in writing before rent day on vacating premises. Trent of the Premises. 3141 Randall St. for the month ending March 31, 1906. will be due March 1, 1906. REAL ESTATE DEPARTMENT MISSISSIPPI VALLEY TRUST COMPANY N. W. COR. 4TH AND PINE STREETS, ST. LOUIS, ALL RENTS PAYABLE MONTHLY IN ADVANCE. Please remit the amount, $ 308 promptly on that date. at REQUESTS FOR REPAIRS, SHOULD BE MADE IN WRITING. FIG. 266.-RENT NOTICE. stub in Figure 265. Whenever possible, it is well to get the tenant inte the habit of calling at the company's office to pay his rent. Many tenants are willing to do this regularly; thus saving the company the trouble and expense of a special trip for collection, besides bringing them in closer touch with the company, so that they are apt to become customers of the other departments. If it is necessary to send notices of rent due. a form like that shown in Figure 266 is mailed several days before the rent is due. When the rent is delinquent, a notice like that in Figure 267 will often obviate the necessity of legal action. |