Louisiana Revised Statutes 41:1224 – Leases without advertisement or bids
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Terms Used In Louisiana Revised Statutes 41:1224
- 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
Notwithstanding any other provision of this Part to the contrary, in Orleans Parish or Jefferson Parish, the requirements for public bid and advertisement shall not apply to any lease of land of less than ten thousand square feet in size to which the lessor has title, custody, or possession, when the lease is between the lessor and the owner of the adjacent land.
Acts 1993, No. 372, §1, eff. June 3, 1993; Acts 2011, 1st Ex. Sess., No. 37, §1.