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Payment of rent

Lease – Payment of rent

August 2, 2018 By Louisiana Notary Leave a Comment

Lease – Payment of rent

Art. 2703. “When and where rent is due. In the absence of a contrary agreement, usage, or custom:

(1) The rent is due at the beginning of the term. If the rent is payable by intervals shorter than the term, the rent is due at the beginning of each interval.

(2) The rent is payable at the address provided by the lessor and in the absence thereof at the address of the lessee.

Art. 2704. Nonpayment of rent. If the lessee fails to pay the rent when due, the lessor may, in accordance with the provisions of the Title “Conventional Obligations or Contracts”, dissolve the lease and may regain possession in the manner provided by law.

Art. 2705. Abatement of rent for unforeseen loss of crops. In the absence of a contrary agreement, the agricultural lessee may not claim an abatement of the rent for the loss of his unharvested crops unless the loss was due to an unforeseeable and extraordinary event that destroyed at least one-half of the value of the crops. Any compensation that the lessee has received or may receive in connection with the loss, such as insurance proceeds or government subsidies, shall be taken into account in determining the amount of abatement.

Art. 2706. Loss of crop rent. When the rent consists of a portion of the crops, then any loss of the crops that is not caused by the fault of the lessor or the lessee shall be borne by both parties in accordance with their respective shares.

Filed Under: Lease Tagged With: Payment of rent

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