Notice to Lessor Exercising Option to Purchase - Louisiana 2025

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If the lease has no definite term, the notice required by law for its termination shall be considered as a notice to vacate under this Article. If the lease has a definite term, notice to vacate may be given not more than thirty days before the expiration of the term.
Under a year-long lease agreement in Louisiana, if you plan to terminate the lease early, you typically need to provide your landlord with a 30-day notice. This means that you must inform the landlord at least 30 days before the date you intend to move out.
Typically, a tenant is required to give written notice of their exercise of the option several months before the current term of the lease expires typically a period of time ending three to six months before expiration of the current term of occupancy.
[ii] The Optionee (potential purchaser) exercises its option when it articulates its intent and ability to perform before the option period expires. [iii] When the Optionee exercises, it forms a new and binding Real Estate Purchase Agreement, and she becomes the buyer.
Bottom line: Once you sign your name to a lease agreement, youre bound to it. If you back out before moving in, the landlord will lose income they were relying on and must start all over looking for a tenant. At the least, you will be paying the rent until they find someone new.

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The Landlord must give a 5 day Notice to Vacate. That is five business days, exclusive of holidays. At the end of that period, if the tenant is still in possession, the Landlord may file a Petition of Eviction.
To exercise the Option to Purchase, the Tenant must deliver to the Landlord, a written notice of Tenants intent to purchase, not less than 30 days prior to the expiration of the Lease Term. In addition, the written notice must specify a valid closing date.
(3) The notice of lease must contain the following: (a) A declaration that the property is leased, and the names and addresses of the lessor and lessee. (b) A description of the leased property. (c) The date of the lease, its term, and the provisions of any extensions and renewals of the term provided for in the lease.

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