Mehrtens v. Knight

An owner of land and another entered into a written contract denominated an agreement “ to sell ” the land for a stated price, upon which a lump sum was paid at the time the contract was made, and the balance was to be paid monthly. The purchaser agreed to pay the taxes and maintain the insurance. The contract designated the monthly payments as “ rent,” and provided that the purchaser should “ only have the rights of a tenant until he has paid five hundred dollars on the principal of the original amount,” and that, in ease of default in such monthly payments, “ he shall immediately become a…