Most legal methods of transferring ownership of a home from a seller to a buyer are in the form of an Act of Cash Sale.Among other things, the Act of Cash Sale list the parties, property legal description, purchase price, and whether there is a waiver of warranties.
Most sellers demand the buyer purchase the home “AS IS” without any warranties.A typical “AS IS” clause will state the buyer acknowledges and recognizes the home is being in an “as is” condition. The buyer also waives, relieves, and releases the seller from any claimsor causes of action for rehibition pursuant to La. C.C. art. 2520, et seq. or for a reduction in the purchase price pursuant to La. C.C. art. 2541, et seq.In addition, the seller normally expects the buyer to acknowledge the sale is made without any warranty of fitness for ordinary or particular use pursuant to La. C.C. art. 2524.To be valid in Louisiana, an Act of Cash Sale must be signed by the seller, buyer, and two witnesses in front of a notary public.
Your attorney will review this document with you prior to signing.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.