Establishing secure connection…Loading editor…Preparing document…

Louisiana Residential Purchase Agreement

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

Louisiana Residential Property Disclosure

Property Description (Address, City, State, Zip)

INFORMATIONAL STATEMENT FOR LOUISIANA RESIDENTIAL PROPERTY DISCLOSURE

In accordance with Act 308 of the 2003 Louisiana Legislature (LSA-R.S. 9:3195-3199), effective July 1, 2004, a seller of residential real property must furnish purchasers with a Property Disclosure Document. A complete copy of these statutes can be found at www.legis.state.la.us. The required Property Disclosure Document may be in the form promulgated by the Louisiana Real Estate Commission (“Commission”) or in another form that contains substantially the same information. The Commission form can be found at www.lrec.state.la.us.

Who is required to make disclosure?

A seller’s obligation to furnish a Property Disclosure Document applies to any transfer of any interest in residential real property, whether by sale, exchange, bond for deed, lease with option to purchase, etc.

EXEMPTION: In accordance with Act 308 of the 2003 Louisiana Legislature, the SELLER of said property is exempt from the requirement to provide a Property Disclosure Document.

Seller (sign) (print) Date Time

Seller (sign) (print) Date Time

PROPERTY DISCLOSURE DOCUMENT FOR RESIDENTIAL REAL ESTATE

Answer all questions to the best of your knowledge. Explain any “yes” answers fully at the end of each section. Y = yes, N = no, NK = no knowledge

SECTION 1: LAND

(1) Lot size or acres

(2) Are there any servitudes/encroachments regarding the property, other than typical/customary utility servitudes, that would affect the use of the property? Y N NK

(3) Are there any rights vested in others? Check all that applies and explain at the end of this section.

Timber rights Y N NK

Common driveway Y N NK

Right of ingress or egress Y N NK

Mineral rights Y N NK

Right of way Y N NK

Surface rights Y N NK

Right of access Y N NK

Air rights Y N NK

Servitude of passage Y N NK

Usufruct Y N NK

Servitude of drainage Y N NK

Other Y N NK

(4) Has any part of the property been determined a wetland by the United States Army Corps of Engineers under §404 of the Clean Water Act? Y N NK

(a) Is such a determination pending? Y N NK

(b) What date was determination made?

The Clean Water Act is a federal law that protects the wetlands of the United States. Section 404 of the Act contains permit requirements for altering or building on property that has been determined a wetland by the Army Corps of Engineers...

(5) Has any flooding, water intrusion, accumulation, or drainage problem been experienced with respect to the land? Y N NK

(6) What is/are the flood zone classification(s) of the property?

(a) What is the source and date of this information? Date

Question Number Explanation of “Yes” answers Additional sheet is attached

SECTION TWO: TERMITES, WOOD-DESTROYING INSECTS AND ORGANISMS

(7) Has the property ever had termites or other wood-destroying insects or organisms? Y N NK

(8) Was there any damage to the property? Y N NK

(9) Was the damage repaired? Y N NK

(10) Is the property currently under a termite contract? Y N NK

(a) Name of company

(b) Date contract expires

(c) List any structures not covered by contract

Question Number Explanation of “Yes” answers Additional sheet is attached

SECTION 3: STRUCTURE

(11) Are there any defects regarding the following? Check all that apply and explain at the end of this section.

Roof Y N NK

Ceilings Y N NK

Interior walls Y N NK

Exterior walls Y N NK

Floor Y N NK

Foundation Y N NK

Attic spaces Y N NK

Basement Y N NK

Porches Y N NK

Overhangs Y N NK

Steps/Stairways Y N NK

Railings Y N NK

Pool Y N NK

Spa Y N NK

Decks Y N NK

Patios Y N NK

Windows Y N NK

Other Y N NK

(12) Has any structure on the property ever taken water by flooding (rising water or otherwise)? Y N NK

(13) Is there flood insurance on the property? Y N NK

(a) /Date

(b) Does SELLER have a flood elevation certificate in SELLER’S possession that will be shared with BUYER? Y N NK

(14) What is the approximate age of all structures on the property? Main structure Other structures

(15) What is the approximate age of the roof of each structure? Main structure Other structures

(16) Does the property contain exterior insulation and finish system (EIFS) or other synthetic stucco? Y N NK

Question Number Explanation of “Yes” answers Additional sheet is attached

SECTION 4: PLUMBING, WATER, GAS, AND SEWERAGE

(17) Are there any defects with the plumbing system? Y N NK

(18) Are there any defects with the water piping? Y N NK

(a) Are there any defects with the water quality, quantity, or pressure? Y N NK

(b) The water is supplied by: Municipality Private utility On-site system Shared well system None

(c) If there is a well, when was the last time the water was tested? Date

Results

(19) Is there gas service available to the property/structure? Y N NK

(a) If yes, what type? Butane Natural Propane

(b) If yes, are there any defects with it? Y N NK

(20) Are there defects with any water heater? Y N NK

(a) Unit 1 Gas Electric

(b) Unit 2 Gas Electric

(c) Unit 3 Gas Electric

(21) The sewerage service is supplied by: Municipality Other NK

Question Number Explanation of “Yes” answers Additional sheet is attached

SECTION 5: ELECTRICAL, HEATING AND COOLING, APPLIANCES

For major repairs or replacements relative to Section 5, list the date and nature of the repair or replaced component at the end of the section.

(22) Are there any defects with the electrical system? Y N NK

(23) Are there any defects with the heating or cooling systems? Y N NK

Unit 1 Unit 2 Unit 3

(24) What type of cooling system is installed? Central Window unit Other

(a) Source: Electric Gas Heat pump Other

Unit 1 Unit 2 Unit 3

(25) What type of heating system is installed? Central Window unit Other

(a) Source: Electric Gas Heat pump Other

Unit 1 Unit 2 Unit 3

(26) If a fireplace exists, is it working? Y N NK

(a) What type is it? Gas Wood Vented Ventless Electric Other

(27) Are there any defects in any permanently installed or built-in appliances? Y N NK

(28) What type of fire alarm system is installed? None Security/fire alarm Battery powered unit that includes a 10-year sealed lithium battery

Question Number Explanation of “Yes” answers Additional sheet is attached

SECTION 6: MISCELLANEOUS

(29) Has there been property damage related to the land or the improvements thereon, including, but not limited to, fire, windstorm, flood, hail, lightning, or other property damage? Y N NK

(a) If yes, were all related property damages, defects, and/or conditions repaired? Y N NK

(30) What is the zoning of the property?

(a) Has it ever been zoned for commercial or industrial? Y N NK

(b) Is the property located in an historic district? Y N NK

(31) Does the property and its present usage conflict with current zoning, building, and/or safety restrictions? Y N NK

(32) Are there any current or pending assessments, dues, liens, taxes owing on the property? Y N NK

(a) Is membership in a homeowners’ association (HOA), condominium owners’ association (COA), or property owners’ association (POA) required as the result of owning this property? Y N NK

(b) Are any HOA, COA, or POA dues required? Y N NK

(c) If yes, what is the amount? $ per

(d) Are there any pending special assessments? Y N NK

(e) If yes, what is the amount? $ per

Any information contained in this property disclosure regarding homeowners’ associations (HOA), condominium owners’ associations (COA), or property owners’ associations (POA) is summary in nature...

(33) Are the streets accessing the property Private Public NK

(34) Were any additions or alterations made to the property? Y N NK

(a) If yes, were the necessary permits and inspections obtained for all additions or alterations? Y N NK

(35) Is there a homestead exemption in effect? Y N NK

(36) Is there high speed Internet access available to the property? Y N NK

(37) Is there any pending litigation regarding the property? Y N NK

(38) Does the property or any of its structures contain any of the following? (Check all that apply and provide the nature and frequency at the end of this section.)

Asbestos Y N NK

Formaldehyde Y N NK

Radon gas Y N NK

Chemical storage tanks Y N NK

Contaminated soil Y N NK

Contaminated water Y N NK

Hazardous waste Y N NK

Toxic Mold Y N NK

Mold/Mildew Y N NK

Pets Y N NK

Electromagnetic fields Y N NK

Crystal meth exposure Y N NK

Contaminated drywall/sheetrock Y N NK

Other adverse materials or conditions Y N NK

Question Number Explanation of “Yes” answers Additional sheet is attached

(39) Was SELLER (or previous owner) a recipient of a Road Home grant? Y N NK

ACKNOWLEDGEMENTS

I/We attest that the above statements and explanations have been provided by me/us and are true and correct to the best of my/our knowledge. (If either party is represented by a real estate licensee, your signature below acknowledges that you have been informed of your duties and rights under LSA-R.S. 9:3195-3199 and have read and understand the informational statement.)

Seller(s) acknowledge(s) that the information contained herein is current as of this date.

Seller (sign) (print) Date Time

Seller (sign) (print) Date Time

Buyer(s) signing below acknowledge(s) receipt of this property disclosure.

Buyer (sign) (print) Date Time

Buyer (sign) (print) Date Time

Enter text✕
Prepare your document for signing right on this page
  • 01 Edit the text and complete the fields
  • 02 Click Sign Now and on the next screen add recipients and signature fields in SignNow
  • 03 Start your free trial to sign and send your doc
Sign Now

What the Louisiana Residential Purchase Agreement Is

Louisiana Residential Purchase Agreement is a written contract used to record the terms for the sale and transfer of a residential immovable in Louisiana. It sets the purchase price, deposit and financing conditions, inspection and disclosure obligations, title and closing instructions, and closing date. The agreement establishes remedies for default and allocates costs between buyer and seller. Because Louisiana uses a civil-law system and recording practices differ from other states, parties often coordinate the agreement with the notarial act, title report, and lender instructions to ensure enforceability and proper recordation.

Why a Clear Purchase Agreement Matters

A clear Louisiana Residential Purchase Agreement reduces closing disputes, defines financing and inspection contingencies, protects deposit handling, and documents title and recording instructions. It provides parties and lenders a written roadmap for performance, deadlines, and remedies under state law and customary closing practice.

Why a Clear Purchase Agreement Matters

Who Typically Uses This Agreement

Typical users include licensed real estate brokers, buyer and seller principals, title companies, and attorneys who manage residential closings in Louisiana.

  • Buyers — negotiate terms, secure financing, complete inspections, and sign to accept contract obligations.
  • Sellers — disclose property condition, accept offers, and coordinate closing documents.
  • Agents and brokers — prepare forms, advise clients on contingencies, and deliver contract paperwork.

Each party has distinct responsibilities; coordinated use reduces ambiguity and helps title professionals prepare for recordation and fund transfers.

Primary Sections Found in a Professional Agreement

Core sections of a Louisiana Residential Purchase Agreement organize price, property description, contingencies, financing, disclosures, and closing obligations for practical execution and title transfer.

Purchase Price

Specifies total sale price, earnest money deposit amount, deposit handling instructions, balance due at closing, and any seller credits or purchase price adjustments tied to inspection or appraisal outcomes.

Property Description

Identifies the property by street address, parcel or lot number, subdivision, and includes any fixtures or personal property included or excluded from the sale; use the exact legal description for recording.

Contingencies

Lists inspection, appraisal, and financing contingencies, with timelines to exercise or waive rights; defines remedy if a contingency is not satisfied before the closing date.

Financing Terms

Describes buyer loan type, seller financing or assumption terms if any, commitment deadline, and responsibility for loan-related fees and documentation at closing, including escrow instructions and lender requirements for title and hazard insurance.

Disclosures & Inspections

Requires seller to disclose known defects, environmental risks, and lead-based paint notices where applicable; sets inspection period, repair requests process, and allocation for remedial work or credits.

Closing and Recording

Specifies closing date and location, party responsibilities for closing costs, deed type and execution, recording instructions, proration of taxes and utilities, and delivery of possession at closing.

Required Basic Information and Fields

Buyer Legal Name: Enter full legal name as on government ID
Seller Legal Name: Enter full legal name as on government ID
Property Address: Include street, city, state, and ZIP
Legal Description: Record exact lot or parcel wording
Purchase Price: Enter numeric amount and written total
Closing Date: Enter date as MM/DD/YYYY format

Step-by-Step: Completing the Agreement

Follow this sequential checklist to complete a Louisiana Residential Purchase Agreement, reduce errors, and prepare for title review and closing.

  • 01
    Prepare Draft: Enter parties, price, legal description, and key dates.
  • 02
    Add Contingencies: Specify inspection and financing deadlines and remedies.
  • 03
    Review Title: Attach preliminary title report and resolve defects.
  • 04
    Sign and Notarize: Obtain required signatures, notarizations, and deliver funds per escrow.

Configuring an Electronic Workflow for the Agreement

Use an electronic workflow to assign signature roles, set authentication, and automate reminders before closing.

Workflow Configuration Field Name and Purpose Configuration
Upload Document for signature and review Accept PDF or DOCX, retain original formatting for recording
Prepare signature, initial, and conditional fields Drag-and-drop signature, initials, dates, and conditional logic fields
Assign signers and set signing order Enter email addresses, define role, and set signing order
Select signer authentication and verification Choose email link, SMS code, or advanced KBA as needed

Where to Send the Executed Agreement

After signatures, distribute executed Louisiana Residential Purchase Agreement to title company, seller's attorney, lender, and escrow agent per closing instructions.

  • Title Company: Receive executed contract, coordinate title exam and recording.
  • Seller's Attorney: Prepare deed, settlement statement, and cure title defects.
  • Lender: Review financing conditions, send payoff and loan documents.
  • Escrow Agent: Hold earnest money, manage prorations, disburse funds at closing.

Technical Requirements for Digital Completion and Storage

Electronic completion requires a platform that supports PDF/DOCX, audit trails, signer authentication, and secure storage meeting applicable compliance frameworks.

  • Integrations: Salesforce, NetSuite, Google Workspace supported
  • File Formats: PDF and Word DOCX accepted
  • Authentication Options: Email, SMS, KBA, or advanced methods

Common Deadlines and Timing Considerations

Typical deadlines in a Louisiana Residential Purchase Agreement are set by agreement: inspection, title review, financing commitment, and scheduled closing date.

Inspection Period (typical days):

Commonly 7–14 days to complete inspections and request repairs or credits.

Financing Commitment Deadline:

Deadline for lender to issue loan commitment, often 21–30 days.

Title Review Window:

Buyer reviews preliminary title report and raises objections, typically within 10 days.

Closing Date:

Fixed date for transfer and recording; funds and documents exchanged at closing.

Earnest Money Deposit Deadline:

Deposit due within specified days after acceptance, held by escrow.

Typical eSignature Vendor Comparison

eSignature vendors differ by price, features, and compliance; the table below summarizes common plan attributes for high-level comparison.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies by vendor Varies by vendor Varies by vendor Varies by vendor
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Practical Examples from Real Workflows

These examples illustrate common approaches to standardizing agreements and reducing manual processing during closings.

Martin Properties

Martin Properties standardized a Louisiana Residential Purchase Agreement to centralize templates and reduce manual errors during closings.

  • Reduced turnaround and avoided recording mistakes.
  • With clear templates and integrated e-signature workflows, agents processed offers, coordinated title instructions, and closed remote transactions while preserving document integrity and audit logs for compliance.

Optica Ventures LLC

Optica Ventures used a state-specific purchase agreement with consistent field requirements across offices to streamline reviews and funding.

  • Unified templates reduced back-and-forth.
  • By standardizing field names and using electronic routing, their team shortened review cycles, ensured consistent disclosure placement, and simplified lender submission and title coordination.

Practical Tips to Minimize Risk and Speed Closing

Adopt consistent drafting, validation, and document-handling practices to reduce disputes and accelerate title clearance and funding.

Use precise legal descriptions and property identifiers
Always paste the recorded legal description from the preliminary title report into the agreement. Confirm parcel identifiers and avoid colloquial addresses to prevent recording rejections and title mismatches that delay closing.
Set clear, date-specific contingency deadlines
Spell out inspection, appraisal, and financing deadlines using explicit calendar dates or defined day counts. Clarify remedies and waiver mechanics to reduce ambiguity about when rights expire or deposits become nonrefundable.
Confirm signer authority and entity signatures
For corporate, LLC, or trust sellers and buyers, attach proof of authority, corporate resolutions, or trustee certificates. Improper signatory authority is a common cause of post-closing title defects and corrective acts.
Retain a complete closing package and audit trail
Keep executed agreements, deposit receipts, title reports, lien searches, and notarizations together. An organized closing folder simplifies post-closing audits and supports defense against claims or tax inquiries.

Common Preparation Mistakes to Avoid

  • Omitting or miscopying the legal description can prevent proper recording and cloud title searches, causing delay or additional legal expense.
  • Failing to specify who pays closing costs or prorations creates disputes at settlement and may require post-closing adjustments.
  • Using ambiguous contingency deadlines without dates invites strategic waiver disputes and can void remedies tied to inspection or financing.
  • Not verifying signer authority or entity signatures (LLC/Trust) risks unenforceable agreements and title defects requiring correction.

Short Risks and Potential Consequences

Failed Financing: Contract termination risk
Title Defects: Delay or cure costs
Incorrect Legal Description: Recording rejection
Missing Signatures: Unenforceable contract
Late Closing Fees: Daily penalties possible
Escrow Disputes: Funds held longer

FAQs and Troubleshooting for Louisiana Purchase Agreements

Answers to frequent questions about electronic signatures, notarization, corrections, and recordkeeping for Louisiana residential closings.


Need help? Contact support

Explore Templates

Texas Prenuptial Agreement Texas Application for Registration of Foreign For-Profit Corporation Texas Defendant's First Set of Interrogatories Matrimonial Interrogatories Appointment for Disposition of Remains
be ready to get more
Join over 28 million airSlate SignNow users
Sign Now
Company
Forms
Pricing
Resources
Knowledge base
Other Products
© 2026 airSlate Inc. All rights reserved.