Madison Parish Cash Sale Form

Additional Louisiana and Madison Parish documents included at no extra charge:

Where to Record Your Documents

---

Cities and Jurisdictions in Madison Parish

Properties in any of these areas use Madison Parish forms:

• Delta
• Tallulah

---

A Cash Sale form is used to sell real property outright and frequently used to settle a "bond for deed", (sometimes referred to as a land contract) when it has been paid in full. Buyer and Seller agree that property will be delivered with all legal warranties as to title only.

Waiver of Warranties
Purchaser(s), relieve and release Seller(s) from any claims or causes of action for redhibition pursuant to Louisiana Civil Code Article 2520.
The described property is sold "AS IS" without warranties.
Furthermore purchaser(s) agree to waive any claims for reduction of sales price pursuant to Louisiana Civil Code Article 2541, et seq.
Additionally, Purchaser(s) acknowledge(s) that this sale is made without warranty of fitness for ordinary or particular use pursuant to Louisiana Civil Code Article 2524.

Section 2520 - Warranty against redhibitory defects
The seller warrants the buyer against redhibitory defects, or vices, in the thing sold.

A defect is redhibitory when it renders the thing useless, or its use so inconvenient that it must be presumed that a buyer would not have bought the thing had he known of the defect. The existence of such a defect gives a buyer the right to obtain rescission of the sale.

A defect is redhibitory also when, without rendering the thing totally useless, it diminishes its usefulness or its value so that it must be presumed that a buyer would still have bought it but for a lesser price. The existence of such a defect limits the right of a buyer to a reduction of the price.

Art. 2541. Reduction of the price
A buyer may choose to seek only reduction of the price even when the redhibitory defect is such as to give him the right to obtain rescission of the sale.

In an action for rescission because of a redhibitory defect the court may limit the remedy of the buyer to a reduction of the price.

Art. 2524. Thing fit for ordinary use
Universal Citation: LA Civ Code art. 2524 (2020)
The thing sold must be reasonably fit for its ordinary use.

When the seller has reason to know the particular use the buyer intends for the thing, or the buyer's particular purpose for buying the thing, and that the buyer is relying on the seller's skill or judgment in selecting it, the thing sold must be fit for the buyer's intended use or for his particular purpose.

If the thing is not so fit, the buyer's rights are governed by the general rules of conventional obligations.

(Louisiana Cash Sale Package includes form, guidelines, and completed example) For use in Louisiana only.

Important: Your property must be located in Madison Parish to use these forms. Documents should be recorded at the office below.

This Cash Sale meets all recording requirements specific to Madison Parish.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Madison Parish recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

Save Time and Money

Get your Madison Parish Cash Sale form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

4.8 out of 5 - ( 4727 Reviews )