Louisiana Lease to Own Agreement - Written in accordance with LA Rev. Stat. §§ 9:3251-9:3261

Sep 16, 2026

Uploaded by Asher

A Louisiana Lease to Own Agreement template establishing a lease/option arrangement between a Landlord/Seller and Tenant/Buyer. It defines the property description, lease term and automatic extensions, rent amount and monthly due date, and how rent credits may apply to the purchase price if the option is exercised. The agreement covers tenant obligations for utilities, lawful use, compliance with governmental rules, and surrender of the property, while assigning landlord duties for required insurance and continued quiet enjoyment. It also outlines default consequences, improvement reimbursement, and further encumbrances.

LanguageEnglish

CategoryForms

FormatPDF

Pages8

Reading Time3 min

AccessFree to download

DESCRIPTION

TERM

RENT

COVENANTS OF TENANT/BUYER

Utilities and lawful use

Compliance with laws and surrender

COVENANTS OF LANDLORD/SELLER

Insurance

Quiet enjoyment

BREACH BY TENANT/BUYER

COSTS OF IMPROVEMENTS

FURTHER ENCUMBRANCES

LOUISIANA LEASE TO OWN AGREEMENT Written in accordance with LA Rev. Statutes §§ 9:3251 – 9:3261 This Louisiana Lease to Own Agreement (hereinafter referred to as the Lease/Option) made this day of , 20 by and between the “Landlord”and , the “Tenant(s)”. The Landlord and Tenant are collectively referred to in this Agreement as the “Parties.” In consideration of the mutual promises and covenants hereinafter stipulated, the parties hereby agree as follows: 1. DESCRIPTION: The Landlord/Seller agrees to lease, and, the Tenant/Buyer agrees to rent the real property and improvements, hereinafter called property; located at , Louisiana as more fully described as follows: ______________________________________________________________________ ______________________________________________________________________ _____________________________________________________________________ 2. TERM: The term of this Louisiana Lease shall be for a period of months commencing on , , 20 and ending on , , 20 The term will be automatically extended for periods of months, unless the Tenant/Buyer gives notice to the Landlord/Seller of its intent to terminate this Lease/Option, by mailing a written notice to the last provided address of the Landlord/Seller. Liability for payment will not extend beyond notice to terminate this agreement. Possession shall be given to Tenant/Buyer on 3. RENT: Tenant/Buyer agrees to pay to the Landlord/Seller, the sum of $ per month, with the first payment beginning as rent for the property, for the term of this Louisiana Lease/Option, and during any extensions thereof. All rental payments shall be due and payable in advance on the 10th day of each and every month. An amount equal to $ for each month in which rent was paid, shall be credited to the Tenant/Buyer and applied to the purchase price of the property in the event that the Tenant/Buyer exercises its option hereunder; otherwise, this credit shall be non-refundable and considered forfeited if the option is not exercised. 4. COVENANTS OF TENANT/BUYER: Commencing with and during the term of this agreement, including extensions, the Tenant/Buyer hereby covenants and agrees as follows: a. That the Tenant/Buyer will pay all utility charges and bills, including, but not limited to, water, sewer, gas, oil, and electric, which may be assessed or charged against the property; b. That the Tenant/Buyer will not use the property for any unlawful purpose; and that the Tenant/Buyer will conform to and obey all laws, ordinances, rules, regulations, requirements and orders of all Federal, Stale, and Local governmental authorities, agencies, departments, bureaus, boards or officials, respecting the use of the property; and c. That the Tenant/Buyer will surrender and deliver up the property, at the end of the term or any extensions thereof, should the option herein not be exercised, in as good order and condition as the same now exists, reasonable use and natural wear and tear excepted. 5. COVENANTS OF LANDLORD/SELLER: The Landlord/Seller hereby covenants and agrees as follows: a. That the Landlord/Seller shall pay for and maintain fire and extended coverage insurance on said property in the minimum amount of $ The Tenant/Buyer shall be named as an additional insured or loss-payee on the insurance policy and copy of which shall be provided to Tenant/Buyer. b. That the Tenant/Buyer shall peaceably and quietly hold, occupy, use and enjoy the property, without any let, hindrance or molestation by Landlord/Seller or any person associated therewith. 6. BREACH BY TENANT/BUYER: If the Tenant/Buyer shall fail to keep and perform any of the covenants, agreements, or provisions of this Louisiana Lease/Option, or If the Tenant/Buyer shall abandon the property; it shall be lawful for the Landlord/Seller to enter into said property and again have, repossess, and enjoy the same as if this Lease/Option had not been made, and ther

FAQs

What does the agreement cover in terms of property and parties?

It sets the property description in Louisiana and identifies the Landlord/Seller and Tenant/Buyer as the parties to the lease/option arrangement.

How is rent handled, and when does rent credit apply to the purchase price?

Rent is due in advance each month on the 10th day. A monthly amount is credited toward the purchase price if the Tenant/Buyer exercises the option; otherwise the credit is non-refundable and forfeited if the option is not exercised.

What happens if the Tenant/Buyer breaches the agreement?

If the Tenant/Buyer fails to perform covenants or abandons the property, the Landlord/Seller may enter and repossess. The lease/option may cease, determine, and become void, subject to the terms referenced in paragraph 8.

Sep 16, 2026

Uploaded by Asher