Which statement about leases in Louisiana is accurate?

In Louisiana, the validity of leases is based on the Civil Code, which recognizes both oral and written leases. Specifically, oral leases are indeed valid regardless of the duration, allowing parties to enter into rental agreements without needing a written document. This accommodates situations where informal agreements are practical and the parties trust each other, as well as providing flexibility in rental situations.

Written leases, while often preferable for clarity and legal protection, are not a requirement for every lease arrangement. Specifically, the law allows for oral leases especially for terms less than one year, making the assertion that oral leases are always valid an accurate statement.

In contrast, written leases are not the only means of establishing a lease agreement, nor do all leases require notarization or a witness to be enforceable. Thus, the correct understanding of leases in Louisiana hinges on the acknowledgment that oral agreements hold legal weight, which supports the selection of this accurate statement.