La. Civ. Code art. 2676
This is the official text of La. Civ. Code art. 2676, part of Louisiana’s Civil Code — louisiana's civil law tradition codifies persons, property, obligations, and family relations here rather than in a separate statutory code.
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Agreement as to the rent
Official statutory text
The rent shall be fixed by the parties in a sum either certain or determinable through a method agreed by them. It may also be fixed by a third person designated by them.
If the agreed method proves unworkable or the designated third person is unwilling or unable to fix the rent, then there is no lease.
If the rent has been established and thereafter is subject to redetermination either by a designated third person or through a method agreed to by the parties, but the third person is unwilling or unable to fix the rent or the agreed method proves unworkable, the court may either fix the rent or provide a similar method in accordance with the intent of the parties.
Acts 2004, No. 821, ยง1, eff. Jan. 1, 2005.
If the agreed method proves unworkable or the designated third person is unwilling or unable to fix the rent, then there is no lease.
If the rent has been established and thereafter is subject to redetermination either by a designated third person or through a method agreed to by the parties, but the third person is unwilling or unable to fix the rent or the agreed method proves unworkable, the court may either fix the rent or provide a similar method in accordance with the intent of the parties.
Acts 2004, No. 821, ยง1, eff. Jan. 1, 2005.
Status: in_force · Read it on the official government site
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