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A lease is an agreement that legally binds both the landlord and the tenant to the terms for a specified period of time. The lease may be oral or written. However, oral agreements may be impossible to prove in court should a dispute arise.
A property can be sold with a sitting tenant. If this happens, the new owner will become the landlord, and must register as such. The new owner will have to honour any terms set out in the tenancy agreement the tenant had with the former owner until the contract expires.
The lease will continue to apply to the subsequent owner if so stated in the lease. Or the lease may require that upon transfer, the lease terminates and the existing owner compensates the tenant per the terms in the lease.
In Louisiana, leases may be written or oral; however, we highly recommend you use a written lease regardless of the length of tenancy.
Is Louisiana a Landlord or a Tenant-Friendly State? As of today, Louisiana is considered a landlord-friendly state since there are little to no regulations regarding security deposits, rent prices, evictions, and other clauses.
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A buyer cannot take possession of the property until the lease term ends or the lease terminates under the terms of the lease. But, a buyer is entitled to all rents that are still owed under the lease. If the lease on the property was not recorded, you are not bound by the lease.
The lease may be oral or written. However, oral agreements may be impossible to prove in court should a dispute arise.
The Federal Fair Housing Act says that landlords may not legally treat their tenants differently, change their rental agreements or reject rental on any discriminatory basis. This can include: Race. Age.
In Louisiana, leases may be written or oral; however, we highly recommend you use a written lease regardless of the length of tenancy.
If the landlord sells the property during the term of the lease, then the new owner may change the lease terms or evict the tenant. In order to prevent this, the lease must be recorded in the parish where the property is located.

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