Stamp Duty on French Property
Apr 5th 2011, 7:07 pm
#16
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Joined: Apr 2008
Location: Hérault (34)
Posts: 8,901
Re: Stamp Duty on French Property
http://www.paris.notaires.fr/art.php?cID=283&nID=814
indicates under para. 11. that there are two types of viager, one whereby the "crédirentier" still lives in the property in which case he/she pays for repairs, taxes, etc...(the acquirers buying as an investment), and the other where he/she lives elsewhere, in which case it's the acquirers who live there and are liable for everything.
I don't know about medical details, para. 3 gives some info.
I wouldn't advise a non-French buying en viager, much too complicated and uncertain!
Apr 6th 2011, 9:06 am
#17
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Joined: Oct 2007
Location: Halfway between Ricard & Absynthe
Posts: 4,298
Re: Stamp Duty on French Property
Had to check this!
http://www.paris.notaires.fr/art.php?cID=283&nID=814
indicates under para. 11. that there are two types of viager, one whereby the "crédirentier" still lives in the property in which case he/she pays for repairs, taxes, etc...(the acquirers buying as an investment), and the other where he/she lives elsewhere, in which case it's the acquirers who live there and are liable for everything.
I don't know about medical details, para. 3 gives some info.
I wouldn't advise a non-French buying en viager, much too complicated and uncertain!
http://www.paris.notaires.fr/art.php?cID=283&nID=814
indicates under para. 11. that there are two types of viager, one whereby the "crédirentier" still lives in the property in which case he/she pays for repairs, taxes, etc...(the acquirers buying as an investment), and the other where he/she lives elsewhere, in which case it's the acquirers who live there and are liable for everything.
I don't know about medical details, para. 3 gives some info.
I wouldn't advise a non-French buying en viager, much too complicated and uncertain!
I'm not a gambler, but if I was I'd put money on the acquéreur (débirentier) not being able to see copies of the crédirentier's medical history.
Not that that would change a great deal though as I read Par. 3 as saying that the sale would be null & void if the crédirentier dies within 20 days of signing the contract, from a disease he was suffering with up to that date. And furthermore if I understand correctly, the sale must be dependent on an uncertain event, namely the life-time of the crédirentier.
