Louisiana Revised Statutes 31:118 – Right of usufructuaries to lease
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Terms Used In Louisiana Revised Statutes 31:118
- 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 usufructuary of land may grant a mineral lease on the estate of which he has the usufruct if his usufruct includes mineral rights susceptible to leasing, but any such lease is extinguished with the termination of the usufruct. A usufructuary of a mineral servitude or other executive interest may grant a mineral lease that extends beyond the term of the usufruct and binds the naked owner of the servitude.
Acts 1974, No. 50, §118, eff. Jan. 1, 1975.