The sale of a life annuity is a contract by which the owner (annuitant) sells a real estate property to a purchaser (annuitant’s beneficiary), subject to the payment of a price converted into a starting capital called “bouquet”, the balance being paid in form of non-taxed life annuities.
FREE LIFE ANNUITY You leave your property... |
OCCUPIED LIFE ANNUITY You stay in your property... |
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Advantages for the SELLER |
Regular income without the disadvantages of rental management | Benefit from an annuity while living in your property |
No charges, taxes, or property taxes to pay | No responsibilities for a part of important renovation works | |
Get an increase for the selling price, according to the age of the seller | Rent your property and collect the rents even if you leave earlier |