What does viager mean in French?

A viager is a real estate transaction, popular in France, where the buyer makes a down payment and then a series of payments for as long as the seller is alive. Sellers are often widows or widowers who are in need of a regular source of income after the death of a spouse.

What does vente en viager meaning?

for the lifetime
En viager in English means ‘for the lifetime. ‘ This type of home sale in France offers the chance of a good deal for buyers and security for the seller. It is also the only realistic way for an older homeowner with a modest income to ‘release equity’ from their property.

Is viager a good investment?

Viagers can be an excellent investment. But they can be high risk so they make most sense as a speculative part of a large financial portfolio unless they can be acquired as a viager libre.

What is a viager Libre?

But you’ll find some properties listed on the market as viager libre. This means that the seller leaves the property immediately and you are free to move in or rent the place out. The down payment and monthly annuity still applies.

What is an occupied life annuity?

By definition, the occupied life annuity allows the seller to continue to occupy his property. The purchaser cannot therefore use it until his death. It is up to the buyer to pay the property tax, as well as the major works.

What is a life annuity sale?

It is a question of acquiring a property by paying a so-called life annuity to the seller until his death instead of paying off a mortgage or paying the full value of the property. Life annuities come in two distinct forms: the life annuity and the free life annuity.

What are some examples of annuities?

An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments.

What is a life annuity House?

The life annuity sale involves the real estate sale by an owner (the annuitant) to a purchaser (known as the debtor ) who shall pay the price in the form of an annuity. It is possible and in fact often the case, that the seller occupies his home until his death. This is known as occupied life annuity.