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REAL ESTATE HANDBOOK

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REAL ESTATE
HANDBOOK

BLAKE SNYDER,

EDITOR

Associated with Douglas L. Elliman & Company, Inc.

WILMOT LIPPINCOTT

ASSOCIATE EDITOR

FIRST EDITION
SECOND IMPRESSION

MCGRAW-HILL BOOK COMPANY, INC.
NEW YORK: 370 SEVENTH AVENUE
LONDON: 6 & 8 BOUVERIE ST., E. C. 4

421375
955

COPYRIGHT, 1925, BY THE
MCGRAW-HILL BOOK COMPANY, INC.

PRINTED IN THE UNITED STATES OF AMERICA

PREFACE

This handbook undertakes to bring together the best principles, methods, and data of modern real estate practice for the reference use of busy real estate men and for the guidance of students of real estate generally.

The material for this handbook has been contributed by a number of well-known and widely experienced real estate men. These contributors are in every case practical men who appreciate the need for such a book and have generously put into written form the results of their experience for the benefit of all who are engaged in real estate work. The book presents, therefore, the first-hand information of a number of men of broad experience in all phases of the real estate business and is representative of actual practice. Among those who have kindly assisted us with constructive and helpful suggestions are: N. P. Dodge, of N. P. Dodge & Company, Sub-division Specialists, Omaha, Neb.; Prof. J. K. Finch, Department of Civil Engineering, Columbia University, New York, N. Y.; J. R. Kilpatrick, Vice-President, George A. Fuller Company, New York, N. Y.; Flavell Shurtleff, Secretary, National Conference on City Planning and Assistant Secretary to Plan of New York and Its Environs, New York, N. Y.; Lee J. Minde, Fort Wayne, Ind.; Benjamin C. Tower, Real Estate, Boston, Mass.; A. Dudley Dowd, Real Estate, Boston, Mass.; Elmer G. Kiehler, Architect, Associated with C. Howard Crane, Detroit, Mich.; T. C. Kemper, Executive Secretary, The American Institute of Architects, Washington, D. C.; William E. Russell, Second Vice-President, Missouri State Life Insurance Company, St. Louis, Mo.; Alfred G. Reeves, of Reeves & Todd, Attorneys, New York, N. Y.; Robert Jemison, Jr., of Jemison & Company, Investment Bankers, Birming-` ham, Ala.; H. W. Newcomb, of The Newcomb Realty Company, Denver, Colo.; Townley Gulbertson, Vice-President, Commerce Trust Company, Kansas City, Mo.; Clarence G.

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