In France, an elderly French property owner can increase his or her retirement revenue by using a system of Viager where they sell their property via a down payment and monthly revenue for life paid by the buyer.
The payment of the monthly payment from the buyer to the seller typically ends with the death of the seller, however, the buyer does not know when the seller will die, therefore the buyer could be paying for a long time into the future.
There are several forms of Viager one is called Viager Occupé and this is when the seller of the French property remains in the property until his or her death.
If you are interested in learning more about Viager we recommend you speak with an English speaking French notary.
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