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Terms Used In Louisiana Civil Code 778

  • 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
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

Building restrictions may impose on owners of immovables affirmative duties that are reasonable and necessary for the maintenance of the general plan.  Building restrictions may not impose upon the owner of an immovable or his successors the obligation to pay a fee or other charge on the occasion of an alienation, lease or encumbrance of the immovable.

Acts 1977, No. 170, §1; Acts 2010, No. 938, §2, eff. July 2, 2010.