Create Legal Louisiana Contract For Deed Forms For Free

§ 2941. " 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.

In order to transfer an immovable, a contract is required between the owner and the transferee purporting to transfer ownership. Transfer of an immovable occurs when filed with the registry office. To transfer a movable there must be a contract between the owner and the transferee purporting to transfer ownership.

Draft up a deed, including the names of the property grantor, and include the signatures of the new owner, and include two witnesses and a notary. Include the price and property description. The land records office in Louisiana can assist with property description. There is a cost to file a deed.

A Louisiana quitclaim deed is used to transfer real estate in Louisiana from one person to another. A quitclaim has no guarantee or warranty attached to it. So the buyer, or vendee, is buying only that interest that the vendor owns in the property.

Louisiana does not provide a statutory form for a deed. The customary forms for a conveyance in this state are the warranty deed and the quitclaim deed. A real estate deed in Louisiana is often referred to as an Act of Sale. Individuals of a legal age can enter into a conveyance of real property in Louisiana.