Immobilienverrentung: Altersvorsorge mit der eigenen Immobilie
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Real Immobilienverrentung are becoming increasingly popular in Germany, especially among seniors who want to be financially secure in retirement without having to leave their homes. In this article, we explain what the term means, what models are available, and what you should be aware of.
What is real estate annuity?
Real estate annuity refers to the conversion of real estate ownership into a monthly annuity or lump sum payment without having to sell or vacate the property. It allows older owners to utilize the asset tied up in their home while retaining lifelong occupancy rights.
Overview of property annuity models
There are various annuity models that differ in terms of ownership, payout, and right of residence. The following table shows the most important variants:
| Model | Description | Change of ownership | Right of residence | Payout |
|---|---|---|---|---|
| Life annuity | Monthly pension payment + lifelong right of residence | Yes | Lifelong | Monthly pension |
| temporary pension | Pension is only paid for a fixed period | Yes | For contract duration | Monthly pension |
| Leaseback sale | Sale with leaseback agreement | Yes | rental agreement | One-time payment + rent |
| Usufruct model | Sale with registered usufruct right (full use) | Yes | Lifelong | Lump sum payment or pension |
| Partial sale | Only part of the property is sold; use remains | Partially | Yes | One-time payment |
Advantages of real estate annuities
Renting out your property offers many advantages, especially for older owners:
Financial security in old age
The property becomes a source of pension – without a loan or sale.Lifelong right of residence
In most models, the right of residence remains in place – a great emotional advantage.Tax advantages
In certain cases, pension payments are tax-advantaged.Flexibility in payout
Depending on the model: monthly pension, lump sum or combination possible.
Disadvantages and risks
Despite all the advantages, caution is also advised:
Loss of value of the property
The selling price is often below the market value because the right of residence is taken into account.Contractual
obligations Once concluded, contracts are difficult to revise.Dependence on contractual partners
Creditworthiness should be checked, especially with private providers.
When is property annuity worthwhile?
Real estate annuity is particularly worthwhile if:
You live debt-free
You have no heirs or your heirs are protected
You need financial resources for care, travel or living expenses
You do not want to give up your familiar surroundings
Important legal aspects
Before signing a contract, you should:
Seek independent advice (e.g. consumer advice center)
Have contracts legally reviewed
Ensure notarial entry of the right of residence or usufruct in the land register
Conclusion: Real estate annuity as a clever retirement solution
Real estate annuities are an attractive option for financing your retirement, especially if you don't want to leave your home. However, as with any long-term decision, transparency, advice, and security are paramount.
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