Complete the above documents and submit your contracts to the LREC. Lead-based Paint Disclosure (42 U.S. Code § 4852d) – Is a mandatory real estate disclosure required for all apartments built before 1978. Any knowledge of lead paint in the home should be conveyed to the potential buyer with a general information brochure informing them of the risks associated with the toxic substance. The above contract sets out the obligations and expectations of both parties and becomes a legally binding document once signed. The Louisiana Purchase Agreement is a must when it comes to conducting a real estate transaction specific to residential real estate. The details of the sale are inserted in the appropriate fields of the form. The different fields include the price of the house, the deposit, the closing date, etc. Once all information has been incorporated into the agreement, it must be submitted to the party concerned for consideration.

In case of acceptance, all participants must sign the contract to guarantee a concrete agreement. See the CERL decision on the use of federally owned purchase contracts/contracts. Below is a list of the most commonly used standardized real estate forms provided by the Louisiana Real Estate Commission (LREC). On the LREC website, you can find all current forms and other information about real estate in the state of Louisiana. The seller of a residential property must provide the buyer with the above form, which lists the condition of the property and all known defects of the property. The form must be completed completely and honestly. We offer thousands of other editable tax forms, application forms, unsubscribe forms, contracts that you can fill out. These forms often end up in your inbox and you have no choice but to fill them out. Instead of reaching the printer or a desktop app, simply open the document in Fill and simply complete and sign your document. All our forms are easy to fill out and print, you can even upload an existing document or create your own editable PDF from a blank document.

The Louisiana Residential Purchase and Sale Agreement allows a person who wishes to purchase real estate to define the terms of the transaction. The seller can negotiate the price and contest the offer to purchase until an agreement has been reached. At this point, the contract can be concluded by passing on the agreed purchase price, how the buyer finances the purchase, the responsibilities of the buyer and seller, as well as any additional terms that one of the parties wishes to add. In the state of Louisiana, the law requires the seller of real estate to provide the buyer with a disclosure of home ownership that details the known state of residence. This publication is for reference only and members® of Louisiana REALTOR or other readers are responsible for contacting their own attorneys or other professional advisors for legal or contractual advice. The comments contained herein represent the sole opinion of the author and do not warrant the interpretation of the law or contracts by any court or the Louisiana Real Estate Commission. As a non-agent, you are not required to use the government-mandated contract, but you are allowed to do so if you wish. The LREC cannot provide legal advice on the use of this or any other contract. In 2003, the Louisiana State Legislature passed a law requiring all SELLERS of residential properties, with a few exceptions, to provide potential BUYERS with written disclosure of the “known defects” of the property for sale.

The Louisiana Real Estate Commission (“LREC”) has created a disclosure form to assist SELLERS in providing this information to BUYERS, known as the Property Information Document (the “DP”). Since 2003, the DDA has been revised several times. The PDD 2022 form is best available on the LREC website and will be required as of January 1, 2022. Louisiana law requires all real estate licensees to use a prescribed Louisiana residential agreement to buy or sell (“Agreement”) as the starting point for a residential property purchase agreement. The Louisiana Real Estate Commission (“LREC”) commissioned the first agreement in 2009. Since then, several revisions have been made to the form. The 2022 agreement must be used by all property licence holders as of January 1, 2022. .

Louisiana Residential Property Disclosure (§ 9:3198) – All home sellers must provide potential buyers with a complete statement showing the physical condition of the property. LR hosted an information session on December 1 with Rick Roberts on behalf of LREC and Patty McMurray with Baker Donelson. This one-hour video provides a more detailed review and discussion of changes to prescribed forms, as well as answers to questions that were raised during the session. NOTE: Items noted and highlighted in the presentation are not accurately referenced to published forms, so users must view and apply the information in the appropriate context. Real estate agents are encouraged to use this site as a training resource®. Sewer supplement form to be used with the mandatory housing contract for purchase or sale. This addendum is not mandatory. Licensees may use this form as is or adapt it to individual transaction circumstances.

The department consists of a number of committees covering the following areas: Property Disclosure Document for Residential Real Estate (§ 9:3198) – The Louisiana Real Estate Commission insists that sellers comply with this document with respect to the general condition of the property and its characteristics. According to the revised law related above, the following questions must also be answered in the content of the form: The following forms are available for download. To view them, download Adobe Acrobat Reader for free. Suggested additions – The following forms are suggested forms and use is not mandatory Filling out forms can not only be saved with Adobe Acrobat Reader. To keep a record, print before you exit the form, or use the Save As command to save the form to your document files. If you`re selling your home without an agent, you`ll need to use the following state-mandated forms: Do you feel like you`re wasting time editing, filling out, or sending free Louisiana Real Estate Commission PDF forms? DISCLAIMER: The sample forms contained in this document are provided free of charge. They can be used in their current form or modified at the discretion of the user. Please note that the LREC does not provide legal advice. As such, these forms are provided without warranty of any kind, express or implied, as to their legal validity and completeness. The use of these forms is not a substitute for the advice of qualified legal counsel.

DISCLAIMER: These documents are for informational purposes and should not be construed as specific legal advice. These documents are not designed to cover all aspects of a legal situation for all factual circumstances that may arise in relation to the subject matter contained. *Viewing changes to this design version may result in formatting or line number errors. _______ LREC Property Disclosure Forms: Residential Property Disclosure (effective 1-1-20) PDF to complete Other LREC Forms: Lead-Based Paint Disclosure Filing Addendum Addendum Addendum Condominium Historic District Disclosure Addendum Sewer Treatment Systems Addendum Notes: The addition of trademarks or logos to the housing contract for purchase or sale is permitted; however, this will not otherwise affect this document. The following detailed articles provide a good analysis of the documents and an explanation of the changes. LR suggests that real estate® agents conduct a thorough review to understand and be aware of the differences with the 2020 form revisions. Residential contract for purchase or sale (valid from 01-01-19) LREC purchase contract forms: Residential contract for purchase or sale (valid from 1-1-19) PDF changes to be completed compared to the previous version How to save the file on your computer: Right click on the link and select “Save As” to print the document: Left-click the link and click the print button. LR has released a preview record (as seen above) and has also created a detailed guide and reviewed the changes to the red line as well as an explanation to reflect important additions and deletions between the 2020 version and the 2022 version. We recommend a thorough review of the information provided so that you are better prepared and well informed. Residential Property Disclosure Form (valid from 01-01-20) Lead-Based Paint Disclosure Form – Disclosure of Information on Lead-Containing Paints or Hazards to Lead-Based Paints. .

. .