Louisiana Civil Code 2670 – Contract to lease
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Terms Used In Louisiana Civil Code 2670
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
A contract to enter into a lease at a future time is enforceable by either party if there was agreement as to the thing to be leased and the rent, unless the parties understood that the contract would not be binding until reduced to writing or until its other terms were agreed upon.
Acts 2004, No. 821, §1, eff. Jan. 1, 2005.