Louisiana Civil Code 2718 – Leases with reservation of right to terminate
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Terms Used In Louisiana Civil Code 2718
- 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 lease in which one or both parties have reserved the right to terminate the lease before the end of the term may be so terminated by giving the notice specified in the lease contract or the notice provided in Articles 2727 through 2729, whichever period is longer. The right to receive this notice may not be renounced in advance.
Acts 2004, No. 821, §1, eff. Jan. 1, 2005.