Louisiana § RS 9:1124.107 - Resales of units
Full text of Louisiana Louisiana Civil Code § RS 9:1124.107 — Resales of units, with citation guidance and answers to common questions.
§ RS 9:1124.107. Resales of units
A. In the event of a resale of a unit by a unit owner other than a declarant, the unit owner shall furnish to a purchaser before execution of any contract to purchase a unit, or otherwise before conveyance, a copy of the declaration other than plats and plans, the articles of incorporation or documents creating the association, the bylaws, and a certificate containing:
(1) A statement setting forth the amount of any current common expense assessments.
(2) A statement of any capital expenditures approved by the association for the current and two next succeeding fiscal years.
(3) A statement of the amount of any reserves for capital expenditures and of any portions of those reserves designated by the association for any specified projects.
(4) The most recent balance sheet and income and expense statement of the association, if any.
(5) The current operating budget of the association, if any.
(6) A statement of any unsatisfied judgments against the association and the status of any pending suits to which the association is a party.
(7) A statement describing any insurance coverage provided by the association, and
(8) A statement of the remaining term of any ground lease affecting the condominium and provisions governing any extension or renewal thereof.
B. The association, within ten days after a request by a unit owner, shall furnish a certificate containing the information necessary to enable a unit owner to comply with this Section. The unit owner providing a certificate pursuant to Subsection A is not liable to the purchaser for any erroneous information provided by the association and included in the certificate.
C. A unit owner is not liable to a purchaser for the failure or delay of the association to provide the certificate in a timely manner; however, the contract to purchase is voidable by the purchaser until a certificate has been provided and for five days thereafter or until conveyance, whichever first occurs.
Acts 1979, No. 682, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 9:1124.107
What does Louisiana Civil Code § RS 9:1124.107 cover?
Section RS 9:1124.107 ("Resales of units") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 9:1124.107?
A common citation format is "Louisiana Civil Code § RS 9:1124.107" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 9:1124.107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.