Contracts
In Louisiana, when a property is sold with an existing tenant, the buyer takes the property:
AWith the right to immediately evict the tenant
BSubject to the existing lease — the buyer becomes the new landlord and is bound by the lease terms✓ Correct
CAbsent any obligation to honor the lease
DWith the obligation to pay the tenant to vacate
Explanation
When a Louisiana property is sold with an existing lease, the buyer takes title subject to the lease and becomes the new landlord bound by the existing lease terms. The tenant cannot be evicted simply because the property sold.
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