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 ?
Buying apartments in this fashion, called "en viager," or "for life," is common in France.
(23) The program vente en viager, for example, combines the sale of an elderly person's home with their right to live in it (or receive rent) until their death.
Le premier sens retenu etant celui << qui est d'une duree illimitee >>; le second sens refere, nous semble-t-il, plus particulierement a l'imprescriptibilite de la propriete << qui ne s'eteint pas par le non-usage >>; et enfin, le troisieme sens refere a la duree de vie humaine, au caractere << viager >> d'une technique (ibid).
Rente Viager is a typical ownership conversion reverse mortgage in France.
It transpires that Mathias cannot sell the apartment until Mathilde, the sitting tenant, dies because of an ancient property rule of "viager", which also stipulates that he must pay her a monthly fee of 2,400 euros.
stars It transpires that Mathias cannot sell the apartment until Mathilde, the sitting tenant, dies because of an ancient property rule of "viager", which also stipulates that he must pay her a monthly fee of 2,400 euros.
It transpires that Mathias cannot sell the apartment until Mathilde, the sitting cannot sell the apartment until Mathilde, the sitting tenant, dies because of an ancient property rule of tenant, dies because of an ancient property rule of "viager", which also stipulates that he must pay her a "viager", which also stipulates that he must pay her a monthly fee of 2,400 euros.
L'acquisition de ces objets allait de pair avec une augmentation parfois consequente de leurs revenus, Meinwerk cedant, en plus des objets de luxe, des terres en viager et octroyant egalement souvent une allocation en nourriture.
Mathilde (Maggie Smith) is living under a viager (pron.
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.