Louisiana Commercial Lease Agreement
A Louisiana commercial lease agreement is a document used when a business wants to rent a commercial property from a lessor for a specific period to run its daily operations. This agreement outlines the lease terms and conditions. Once both parties sign the agreement, it becomes a legally binding contract that can be enforced in a court of law in Louisiana if any lease violations occur.
Our free downloadable Louisiana Commercial Lease Agreement template ensures you adhere to state laws.
Security Deposit Limits and Handling
- Landlords usually require tenants to pay a security deposit before signing a lease for commercial property in Louisiana.
- This deposit acts as a safeguard for the landlord in case the tenant damages the property or fails to pay rent.
- The specifics of the security deposit are typically outlined in the lease, but they’re also subject to state and local laws.
- Louisiana commercial landlords can require unlimited security deposits to hold them in interest-bearing accounts but aren’t required to pay tenants any interest on their deposits.
Right of Entry for Inspections and Repairs
- Louisiana has no specific “Right to Entry” laws that require landlords to provide written notice before entering their rental property.
- However, most landlords in Louisiana typically agree with their tenants on the terms and circumstances under which they can enter the property, including notification policies and other related matters.
Environmental Responsibilities
- A Tenant cannot use demised premises for hazardous or toxic activity and must comply with Louisiana’s environmental laws.
- The landlord can inspect and test the premises and enter to remedy contamination caused by the tenant.
- The tenant is responsible for paying for any testing if hazardous materials are stored or used on the premises.
- The tenant must provide information on hazardous materials on the premises when asked.
Notice Requirements
- Louisiana landlords aren’t required to give any notice before increasing rent, allowing them to do so at any time.
- A Louisiana landlord must provide written notice before changing the property’s locks. If the landlord fails to provide written notice, it may be considered retaliatory behavior and could result in a lawsuit according to state laws.
- Louisiana state laws don’t require tenants to provide specific details when changing locks for repairs or added security. However, it’s recommended that they inform their landlords beforehand.
- A tenant with a fixed-term lease isn’t obligated to provide written notice before ending a Louisiana lease. However, landlords have different notice requirements depending on the type of lease they offer for their property.
- Monthly Lease – 10-day notice.
- Quarterly Lease – No statute is available at the moment.
- Yearly Lease – 30-day notice.
Include Required Disclosures
- Landlords of commercial properties constructed before 1978 in Louisiana must provide tenants with a lead paint disclosure statement.
- The landlord must include a breakdown of the utility expenses for which the tenant will be responsible, such as water, trash, sewage, phone, and internet services.