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Buying rented property
Comments
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But she sold HER apartment.martindow said:grumiofoundation said:
Yes - but in this case the OP doesn't own the property - they seem to be suggesting a landlord buys it and lets them live there rent free?martindow said:In some countries there is an arrangement which is the opposite of what the OP is suggesting. People sell their houses to someone on the understanding that they can continue living there until they die. The buyer obviously pays far less than the value of the house and takes a bet in effect on how long the seller is likely to live. The seller then has a cushion of cash to be able to live in comfort for the rest of their life.On occasions, such as the French lady who lived to 120, the buyer misses out ...
Which country does this happen in - might look to move!!!It was in France. Looking it up she was paid monthly rather than selling for a lump sum. She was 90 when the arrangement started but lived a further 30 years during which time the man hoping to acquire the property in a short time also died.
The OP mentions their landlord - why would someone buy a property from person A and let person B live in it rent free?0
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