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You are here: Home / Lease / Lease – Leases with a fixed term

Lease – Leases with a fixed term

August 2, 2018 By Louisiana Notary Leave a Comment

Lease – Leases with a fixed term

Art. 2720. Termination of lease with a fixed term. A lease with a fixed term terminates upon the expiration of that term, without need of notice, unless the lease is reconducted or extended as provided in the fol­lowing Articles.

Art. 2721. Reconduction. A lease with a fixed term is reconducted if, after the expiration of the term, and without notice to vacate or terminate or other opposition by the lessor or the les­see, the lessee remains in possession:

(1) For thirty days in the case of an agricultural lease;

(2) For one week in the case of other leases with a fixed term that is longer than a week; or

(3) For one day in the case of a lease with a fixed term that is equal to or shorter than a week.

Art. 2722. Term of reconducted agricultural lease. The term of a reconducted agricultural lease is from year to year, unless the parties intended a different term which, according to local custom or usage, is observed in leases of the same type.

Art. 2723. Term of reconducted nonagricultural lease. The term of a reconducted nonagricultural lease is:

(1) From month to month in the case of a lease whose term is a month or longer;

(2) From day to day in’ the case of a lease whose term is at least a day but shorter than a month; and

(3) For periods equal to the expired term in the case of a lease whose term is less than a day.

Art. 2724. Continuity of the reconducted lease. When reconduction occurs, all provisions of the lease continue for the term provided in Article 2722 or 2723. A reconducted lease is terminated by giving the notice directed in Articles 2727 through 2729.

Art. 2725. Extension If the lease contract contains an option the term and the option is exercised, the lease continues for the term and under the other provisions stipulated in the option.

Art. 2726. Amendment. An amendment to a provision of the lease contract that is made without an·intent to effect a novation does not create a new lease.

Filed Under: Lease Tagged With: Leases with a fixed term

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