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Antichresis

November 17, 2016

 

A pledge of property "when the security given consists of immovables." A written contract by which the debtor pledges the revenues of an immovable to the creditor as security for a debt. La. C.C arts. 3135, 3179. The creditor acquires by the contract of antichresis "the right of reaping the fruits or other revenues of the immovable to him given in pledge, on condition of deducting annually their proceeds from the interests, if any be due him and afterwards from the principal of his debt." La C.C art 3176

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