Louisiana Civil Code 3291 – Presumption that things are subject to conventional mortgage
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Terms Used In Louisiana Civil Code 3291
- 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.
A conventional mortgage of a corporeal immovable, servitude of right of use, or lease, as the case may be, includes the things made susceptible of mortgage with them by Article 3286, unless the parties expressly agree to the contrary.
Acts 1991, No. 652, §1, eff. Jan. 1, 1992.