Hoping to find some experience on Louisiana lease purchase \bond for deed\ rent to own. And more specifically on the evection process of them.
I have some properties that have lease purchase contracts on just the home where I intend to keep the land, contracts on some properties that include the land and home, and some contracts on just trailers that are in a park that I do not own.
I have recently become more aware of the nuances of rent to own, lease purchase, bond for deed in Louisiana. In Louisiana the rental eviction process is easy compared to other states and can be done in days or weeks, and can be done through a justice of the peace.
I have evicted lease purchase tenets in several areas using a justice of the peace, and in a city court. But my latest attempt at eviction through justice of peace has not been possible because she says that they cannot see lease purchase evictions, and this is confirmed from another justice of the peace I spoke with. And that the only way to evict someone in a lease purchase contract is to hire a lawyer so they can file suit. So I’m looking at $1500 and the couple months compared to a couple hundred dollars and 2 weeks.
What is strange is that the justice of the peace can see an eviction of a bond for deed, which is a Louisiana product, with statutes, and really what my contract is, but it is not recorded at the courthouse. And in the future may be a good strategy for me when the home is included with the land. But I’m not sure what to do whenever I am selling the trailer, and renting the land.
One park owner I spoke with said he does two contracts, one for the home, and one for the land, so he can evict on nonpayment of rent on the lot fees, but he always does cash for keys and doesn’t have to evict.
Any input is greatly appreciated.