2014 Louisiana Laws
Revised Statutes
TITLE 56 - Wildlife and Fisheries
RS 56:429 - Default in payment of rent; cancellation and forfeitures
§429. Default in payment of rent; cancellation and forfeitures
The failure of the tenant to pay the rent punctually on or before the first of each January, or within thirty days thereafter, ipso facto and without demand or putting in default, terminates and cancels the lease and forfeits to the department all the works, improvements, betterments, and oysters on the leased water bottoms. The department may at once enter on the water bottoms and take possession thereof. Such water bottoms shall then be open for lease in accordance with R.S. 56:425 to the highest bidder. Ten days thereafter the department shall enter the termination, cancellation, and forfeiture on its books and give public notice thereof by publication in one local paper in the parish where the leased water bottoms are located. The department may waive the termination, cancellation, and forfeiture, provided the rent due with ten percent additional is paid at any time before the water bottoms are leased to another person.
Acts 1981, No. 925, §1; Acts 2006, No. 425, §1, eff. June 15, 2006.
NOTE: See Acts 2005, 1st Ex. Sess., No. 17, for applicability to 2006 renewals.
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