LAND ECONOMICS SERIES

THE LAW OF CITY PLANNING AND ZONING by Frank B. Williams

*PRINCIPLES OF REAL ESTATE PRACTICE by Ernest M. Fisher

*ELEMENTS OF LAND ECONOMICS by Richard T. Ely and Edward W. Morehouse *THE APPRAISAL OF REAL ESTATE by Frederick M. Babcock

A HISTORY OF PUBLIC LAND POLICIES by Benjamin H. Hibbard

*ELEMENTS OF THE MODERN BUILDING AND LOAN ASSOCIATIONS by Horace F. Clark and Frank A. Chase

*REAL ESTATE ADVERTISING by Ward C. Gifford

*THE ADMINISTRATION OF REAL ESTATE BOARDS by Herbert U. Nelson

*LAND PLANNING IN THE UNITED STATES FOR CITY, STATE AND NATION by Miss Harlean James

*THE PRINCIPLES OF REAL ESTATE LAW by Nathan William MacChesney

*Books that have been approved for Standard Real Estate Course.

of

Real Estate Law

Real Property, Real Estate Documents
and Transactions

BY

NATHAN WILLIAM MACCHESNEY

A.B., LL.B., LL.M., LL.D.

of

THE CHICAGO BAR

GENERAL COUNSEL, NATIONAL ASSOCIATION OF REAL ESTATE BOARDS
THIRTY-EIGHTH PRESIDENT, ILLINOIS STATE BAR ASSOCIATION
TENTH PRESIDENT, NATIONAL CONFERENCE OF COMMISSIONERS
ON UNIFORM STATE LAWS

CHAIRMAN, CONFERENCE OF BAR ASSOCIATION DELEGATES, AND
SOMETIME VICE-PRESIDENT, AMERICAN BAR ASSOCIATION
SOMETIME LECTURER AT NORTHWESTERN UNIVERSITY, AND
UNIVERSITIES OF CALIFORNIA, ILLINOIS, MICHIGAN, PENNSYLVANIA,
WISCONSIN, ETC., ETC.

New York

THE MACMILLAN COMPANY

1927

All rights reserved

COPYRIGHT, 1927,

BY THE MACMILLAN COMPANY.

Set up and electrotyped.
Published July, 1927.

354227

PRINTED IN THE UNITED STATES OF AMERICA

BY THE CORNWALL PRESS

TO THE ALMA MATER OF ALL OF us,

THE UNIVERSITY OF MICHIGAN

OF WHOSE GREAT LAW SCHOOL I HAVE THE HONOR

TO BE A GRADUATE