Terms Used In Louisiana Revised Statutes 43:211

  • 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
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

In all cases in which the law requires the advertisement or publication of notice of an alienation, encumbrance, or lease of immovable property, the description of the property in the advertisement or publication of notice by lot and subdivision or municipal number or by section, township, and range, including some identifying mark, if appropriate, and a reference to the conveyance or mortgage recordation shall be a legally sufficient description.

Acts 1986, No. 46, §1, eff. Jan. 1, 1987; Acts 1987, No. 273, §1.