As most people around the country already know, Louisiana has been struck with yet another natural hardship. Baton Rouge and the surrounding areas have experienced brutal flooding that has shaken the entire community. Commercial real estate is not exempt from these flood damages. There are many legal aspects that are prominent regarding floods. Steven Boutwell of Kean Miller, LLP Attorneys at Law, recently published an article on the commercial real estate legalities of floods. Read the excerpt below to understand landlord and tenant rights and obligations for disasters like the Louisiana floods. To finish the article, please click the green button at the bottom of the page.
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The recent flooding of the Baton Rouge and surrounding communities has ravaged property, devastated lives, and impacted businesses. Much of the legal discussion surrounding the flooding in Louisiana will inevitably involve the ins and outs of flood insurance and FEMA assistance. However, there are other legal implications of the floods that need some consideration, such as the rights and obligations of landlords and tenants in light of the damage and devastation.
Whether a landlord or tenant, critical at this stage of the game is your knowing what Louisiana law provides by default, what your lease contract provides and where your lease is silent. The following are key points to keep in mind.