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The most common form of transferring property ownership in Louisiana is done via a voluntary contract through the owner, also known as the seller, and the transferee, also known as the buyer. Real estate ownership is transferred using a valid contract, also known as an authentic act.

The seller can "cancel" the bond for deed contract. In the case of a bond for deed, "cancel" describes a formal legal process. The seller will have to ask the Clerk of Court to make an entry in the Mortgage and Conveyance Records that reflects that the contract is no longer effective; it is "cancelled".

Any property transfers in Louisiana are done voluntarily with a contract, including a Bond for Deed. A person must be of legal age of majority in the State of Louisiana in order to purchase a property.

A bond for deed is a contract to sell real property, in which the purchase price is to be paid by the buyer to the seller in installments and in which the seller after payment of a stipulated sum agrees to deliver title to the buyer.

Louisiana Laws - Louisiana State Legislature. A transfer of immovable property must be made by authentic act or by act under private signature. Nevertheless, an oral transfer is valid between the parties when the property has been actually delivered and the transferor recognizes the transfer when interrogated on oath.

The most common form of transferring property ownership in Louisiana is done via a voluntary contract through the owner, also known as the seller, and the transferee, also known as the buyer. Real estate ownership is transferred using a valid contract, also known as an authentic act.