Louisiana Condominium Addendum

A Bond for Deed (also known as a land contract or purchase money mortgage) is a means by which a seller can help a buyer purchase a home by providing owner financing. This is how it works:

• The Bond for Deed is not a sale contract or a transfer. It's basically an agreement to sell, meaning that the property will be conveyed to the buyer once all the terms and conditions have been fulfilled.
• In essence, the seller takes the place of a mortgage lender by allowing the buyer to pay off the purchase price of the real estate property over time.
• Once the final payment is made, the seller will provide the buyer with an executed warranty deed to transfer ownership of the property to the buyer.
• If the buyer fails to make the payments as set out in the agreement, the seller is entitled to keep all payments made and to take possession of the property. The seller is also entitled to keep all improvements made to the property by the buyer.

When it's difficult to get a traditional mortgage loan, the Louisiana Bond for Deed can be a great alternative. Download the template, fill it in, and print it for signature.

If you're selling a residential property in Louisiana, you must provide the purchaser with a completed Property Disclosure Document.

• This form includes:
  • Property Disclosure Exemption Form which can be used for exempt transfers,
  • Property Disclosure Document, pursuant to LSA-R.S. 9:3196-3200.
• The seller must disclose the required information about:
  • the land and all interests, rights, encroachments, etc. with respect to the land,
  • termites, wood-destroying insects and organisms,
  • structures on the land and any known structural issues, including past issues,
  • plumbing, water, gas and sewage,
  • electrical, heating and cooling, appliances,
  • flood, flood assistance and flood insurance,
  • all other relevant information regarding the property.
• This is a free fill-in PDF form that can be filled in online.
• Available directly from the Louisiana Real Estate Commission by clicking the Download link.

Sell real estate property in Louisiana with this Residential Agreement to Purchase and Sell.

• This is a free online form provided by the Louisiana Real Estate Commission and Equal Housing Opportunity.
• The Buy-Sell Agreement contains an electronic notice authorization so that notices and communications in connection with the transaction can be sent by email.
• Funds must be deposited into an escrow account held by a third party.
• The form can be used for both cash sales and financed sales.
• The Agreement form can be accessed directly from the LREC website by clicking on the link.
• Available in PDF format.

Keep your estate assets out of probate by setting up a living trust under this Revocable Trust Deed form for Canadian residents.

• The trust can be used to hold many kinds of assets including cash, real property, personal property, stocks and bonds.
• The trustees can use cash held in the trust fund to pay taxes, mortgage payments, maintenance and other costs associated with any real estate properties that form part of the trust assets.
• The beneficiaries can use and enjoy any real property held in trust until the division date (i.e. the date on which the trust assets are distributed and the trust is wound up).
• The trustees are authorized to divide and distribute any share of the trust in order to ensure that taxable capital gains required to be paid by the trust are kept to a minimum.
• The trustees are given specific instructions for handling payments to be made to minor beneficiaries or beneficiaries who are incapacitated.
• Trustees must disclose any potential conflict of interest and refrain from voting on any decisions which may put them in a position of conflict.
• The trustees are indemnified and held harmless against claims and losses arising from their acting in good faith as a trustee.
• This is a revocable trust which can be revoked by the trustees in their discretion.
• The package includes:
  • a Consent of Trustee form which should be signed by each trustee and successor trustee at the time they accept the appointment,
  • a Resolution of the Trustees to establish the trust,
  • a Trustees Register.
• Available in MS Word format.
• The Trust Deed template can be used in most provinces and territories of Canada. Some jurisdictions, such as Quebec, may require a French translation.

Transfer title of a Louisiana real estate property from a seller to a buyer with this Louisiana Warranty Deed form.

• it has good and marketable title to the property,
• it has the right and power to transfer the title to the buyer, and
• it will forever defend the grantee's (buyer's) right to possession of the property.