Louisiana Civil Code 2679 – Limits of contractual freedom in fixing the term
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Terms Used In Louisiana Civil Code 2679
- 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
The duration of a term may not exceed ninety-nine years. If the lease provides for a longer term or contains an option to extend the term to more than ninety-nine years, the term shall be reduced to ninety-nine years.
If the term’s duration depends solely on the will of the lessor or the lessee and the parties have not agreed on a maximum duration, the duration is determined in accordance with the following Article.
Acts 2004, No. 821, §1, eff. Jan. 1, 2005.