Louisiana Civil Code 2678 – Term
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Civil Code 2678
- 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
The lease shall be for a term. Its duration may be agreed to by the parties or supplied by law.
The term may be fixed or indeterminate. It is fixed when the parties agree that the lease will terminate at a designated date or upon the occurrence of a designated event.
It is indeterminate in all other cases.
Acts 2004, No. 821, §1, eff. Jan. 1, 2005.