Property Disclosure Document for Residential Real Estate (No. 9:3198) – The Louisiana Real Estate Commission insists that sellers complete this document on the general condition of the property and its characteristics. Under the revised status bound above, the following questions must also be asked in the content of the form: The contract to purchase and sell residential real estate in Louisiana allows a person to acquire real estate, to set the terms of the transaction. The seller can negotiate the price and challenge the offer to purchase until an agreement is reached. It is here that the contract that passes on the agreed purchase price, the way in which the buyer finances the purchase, the responsibilities of the buyer and seller, as well as all the additional conditions that one of the parties wishes to add can be concluded. In the state of Louisiana, the law requires the seller of real estate to provide the buyer with an advertisement of residential real estate describing the known condition of the residence. The Louisiana Residential Real Estate Purchase Contract (“Residential Purchase and Sale Contract”) is a contract that describes the price, conditions, rights and obligations of the buyer and seller in a residential real estate transaction. Once the contract is signed, it cannot be terminated unless both parties agree. Louisiana Residential Property Disclosure (No. 9:3198) – All home sellers must provide potential buyers with a full disclosure statement revealing the physical condition of the property. Below is a list of the Louisiana Real Estate Commission`s (LREC) most frequently used standardized property forms. You can find on the LREC website all current forms and other information about real estate in the State of Louisiana.

Opening document of properties. Sellers of residential real estate in Louisiana are required to provide potential buyers with a disclosure document for the disclosure of real estate. (LSA-R.S. 9:3195-3199) Lead-Based Paint Disclosure (42 U.S. Code ` 4852d) – This is a mandatory disclosure of real estate, which is required for all apartments built before 1978.