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Terms Used In Louisiana Revised Statutes 40:1581

  • 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. All existing one- or two-family dwellings at the time of sale or lease shall contain, at a minimum, an operable ten-year, sealed lithium battery smoke detector.

            B. All existing one- or two-family dwellings at the time of sale or lease shall contain, at a minimum, an operable carbon monoxide detector with a long-life, sealed battery. The carbon monoxide detector may be combined with smoke detection.

            C. Professional installers who install generators in one- or two-family dwellings shall include with installation of a home generator, at minimum, an operable carbon monoxide detector with a long-life, sealed battery. The carbon monoxide detector may be combined with smoke detection.

            D. Failure to comply with the provisions of this Section shall not be a reason for nonpayment of any insurance claims.

            E. Failure to comply with the provisions of this Section shall not cause a delay or a stoppage in the transfer of the property.

            F. The real estate agent shall not be liable for the seller’s failure to comply with the provisions of this Section.

            Acts 1991, No. 701, §1; Acts 2009, No. 163, §1; Acts 2022, No. 458, §1.