Viager

Viager

Predominantly in France, the sale of a house, usually by an elderly person, in which the seller retains usufruct of the house. The buyer makes a down payment and continual monthly payments until the seller decides to move or dies. At that point, the payments cease and the buyer takes possession of the property. This gives the seller the right to remain in his/her home while also allowing him/her to tap into the house's equity. The buyer has the possibility of purchasing a house for a small amount of money, especially if the seller dies soon after the sale. See also: Lifetime reverse mortgage.
References in periodicals archive ?
Mathilde (Maggie Smith) is living under a viager (pron.
Mathias finds himself caught up in the obligations of the viager.
French law permits a real-estate agreement called a viager, in which a seller is allowed to remain in his or her house or apartment for life, in exchange for a lump sum and regular payments from the buyer.
Le << life estate pur sa vie >> ou << pur autre vie >> est devenu le domaine viager pour sa vie ou pour autre vie.
L'impact de ces changements sur les risques financier et viager c.
Le risque viager est particulier aux assurances sur la vie.
Notons aussi que la rente est <<determinee>> vu que toutes les coordonnees de cette rente, a savoir : le debut, le montant et la duree des arrerages, sont connues et, sous reserve de l'alea viager, fixees des le debut du contrat.
Dans ces memes contrats, le risque viager a aussi change completement pour l'assureur durant le differe.
Quel risque viager l'assureur a-t-il a sa charge durant le differe ?
La relation serait de nos jours formalisee comme une vente en viager.
The legislature's aspiration may indeed be more or less honourable; one French historian has argued that article 371 was enacted as a sign that "trahit discretement certaines aspirations legislatives a un autoritarisme paternel viager.
On peut ajouter ici que l'homogeneite du groupe a probablement ete renforcee par les mandats viagers des senateurs, par opposition aux mandats de quatre ans des deputes.