Louisiana Code of Civil Procedure 2372 – Sale subject to superior real charge or lease
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Terms Used In Louisiana Code of Civil Procedure 2372
- 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
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The property is sold subject to any real charge or lease with which it is burdened, superior to any security interest, mortgage, lien, or privilege of the seizing creditor.
Acts 1989, No. 137, §18, eff. Sept. 1, 1989.