Sale of annuity
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Life annuity: Property sale with security
Selling on an annuity is a special form of property sale that enables owners to sell their property and gain financial security in the process. At the same time, they can often continue to live in the property. Pascal Emontspool, your property expert from Eupen, will guide you through every step of this process with expertise and empathy.
- WHAT IS the life annuity?
What is an annuity?
An annuity is a payment model in which the seller of a property receives a lifelong monthly annuity from the buyer instead of a one-off purchase price. This option is particularly interesting for senior citizens who want to monetise their property without having to give up their familiar surroundings. A usufruct or right of residence is also often agreed, which guarantees the seller the use of the property for the rest of their life.
- Financial security: Regular pension payments provide a stable source of income.
- Right of residenceYou can stay in your familiar surroundings.
- Individual agreements: The amount of the pension payments and other conditions can be flexibly adapted to your needs.
The decision to sell on an annuity is individual and depends on your personal circumstances and goals. Let Pascal Emontspool advise you without obligation to find out whether this option is suitable for you.
Contact us today for a personal consultation. Together we will find the best solution for your property and your future.
- Frequently Asked Questions
FAQ
What is the difference between bare ownership and usufruct?
In the legal context, the term "bare ownership" refers to the right of ownership of an asset without the associated rights of use and utilisation. This means that the owner has legal possession of the property but has transferred certain rights of use, such as utilisation, enjoyment of the proceeds or disposal, to another party. In a sense, the owner retains the "naked" right of possession, while others can hold the right of use.
Can I sell my property on an annuity basis if I still have debts on it?
Yes, this is possible. The remaining debt is usually settled from an initial one-off payment before the monthly pension payments begin.
What happens if the buyer does not make the annuity payments?
Protection mechanisms such as a right of cancellation or collateral are stipulated in the purchase contract to protect the seller from payment defaults.
How is the amount of the annuity calculated?
The amount of the annuity depends on the value of the property, the age of the seller and any residential rights. A precise calculation is made on an individual basis.
Is the annuity taxable?
In Belgium, life annuities are tax-free.
Can I customise the contract?
Yes, all conditions, such as residential rights or an initial one-off payment, can be agreed individually.
Is the annuity also suitable for younger sellers?
In principle, yes, but this model is particularly attractive for senior citizens as it is often combined with a lifelong right of residence.
How do I find a suitable buyer for the annuity?
Pascal Emontspool supports you in finding suitable and reputable buyers who match your requirements.
- PERFORMANCE
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