Louisiana Residential Agreement to Buy or Sell - Louisiana

A Louisiana Real Estate Purchase Agreement is a legally binding contract signed by two parties to outline the details of the transfer of ownership of the real property. To release the individual or company from the responsibility for the premises and make another party a legal owner in the eyes of the law, you need to prepare a proper agreement with a breakdown of parties' mutual obligation, price of the real estate, and acceptance of the offer the seller makes.

Alternate Name:

• Louisiana Residential Agreement to Buy or Sell.

The Louisiana Real Estate Commission has issued a contract for sellers and buyers of the real property use when represented by realtors - it is mandatory to use an official form. Download a printable Louisiana Real Estate Purchase Agreement through the link below.

In addition to the purchase agreement, the seller of the residential property must provide the buyer with two more documents:

• A Residential Property Disclosure tells the purchaser about the current condition of the premises by listing existing and potential issues that may influence the price of the housing unit or the decision to buy it at all;
• Use a Lead Disclosure Form to inform the buyer about the presence of the lead-based paint on the surfaces or in the walls of the property if it was built before 1978.