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Apartments for sale "annuity"

Mimi
Aug 1, 2016
3
Question

Some apartments on sale have a price and a monthly annuity. I don't think that is the same as viagé because no initial "bouquet" is mentioned. Can someone please explain what that means.

J

You pay rent + charges.
Charges are your share of the the actual running cost of the building and can include things like list maintenance, cleaning common areas, sometimes utility bills.

Aug 2, 2016 08:10
Mimi

Thanks J, but I'm asking about apartments that state a selling price and annuity at the same time. I don't know if it is a mistake, but there is more than one.

Aug 2, 2016 15:49
J

Same thing. If you are the owner, you still have charges for the common areas.

Aug 2, 2016 17:24