Lenge on Cowin Property Filed with Unusual Lease Provisions
A lease filed today by R. N. Cowin and Mayorette H. Cowin to Waterloo landlords and George Tones as tenant details a 10 year start rent of 2000 and a 15 year second period at 2400 plus a 25 year 4 percent of property value rent. The valuation uses land value only, with appraisers chosen by the parties or district court, and a 1944 valuation deadline. The tenant bears taxes and must build a new structure of at least equal value, insure, and run only a legal business with no saloon. The Cowins were temperance advocates. at lease end, property is surrendered.
MENTIONED IN THIS ARTICLE
R. N. Cowin
Mayorette H. Cowin
Waterloo
George Tones
Jones
E. T. Cowin
Franklin Street
B.C. Cowin
Tenant Right to Remove Buildings Thereon
Tenant holds the right to dismantle and remove any buildings erected on the premises, subject to applicable laws and lease terms. Placeholder details indicate a standard property provision allowing removal by the tenant at or after lease termination, without implied forfeiture by the landlord.
Last Night's News in Brief Summary in 1920s Dispatches
Paris notes de facto recognition of the Omsk government by the four council. Detroit reports higher wages for striking car men ending Detroit traction group. Tokio cites spread of Anti Japanese agitation in China possibly turning anti foreign. Seattle notes Fuel Administrator Garfield plan for postwar fuel. Washington DC rep Dyer appeals for action to end wartime liquor ban. Coblenz Gen Lisgett awarded grand officer order Italy. New York reports 107 miles of motion picture film landed with US official photographers. Canada exceeds 30 000 miles of railway. US averages one mile per 400 people.
MENTIONED IN THIS ARTICLE
Detroit
Tokio
China
Seattle
Garfield
Washington, D. C
Dyer
Wilson
Beer
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Lenge ON
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