Louisiana Civil Code 805 – Disposition of undivided share
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Terms Used In Louisiana Civil Code 805
- 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 co-owner may freely lease, alienate, or encumber his share of the thing held in indivision. The consent of all the co-owners is required for the lease, alienation, or encumbrance of the entire thing held in indivision.
Acts 1990, No. 990, §1, eff. Jan. 1, 1991.