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Termination of an annuity contract pursuant to Art. § of the Civil Code regarding a person who has been appointed as a life annuitant as a person close to the seller of real estate i.e. pursuant to Art. § of the Civil Code , without terminating this contract with respect to the life annuitant who is the seller, is inadmissible. The claim of a life beneficiary who is the seller of real estate and who, after bringing an action to terminate the life annuity contract, dies before the end of the proceedings, does not pass to the heirs.

The right to demand termination of the contract is vested in both the obligor under the contract and the annuitant, but only the person philippines photo editor who was the seller of the real estate. The effect of termination of the annuity agreement is the transfer of ownership of the real estate to the seller with the simultaneous expiry of the annuity right. It is also worth remembering that the person liable under the annuity contract, after its expiry as a result of termination of the contract, may seek reimbursement from the seller of the expenses incurred on the property during the period when he was its owner. Therefore, any expenses that have been made can be refunded. In the judgment of the Court of Appeal in Białystok of November , , ref. no. act I ACa / it is indicated that.



The basic right of the parties to an annuity contract is the right to demand that the benefits due to the annuitant be changed to an annuity; The condition for requesting such an exchange is the creation of such relations between the annuitant and the obligated person that the parties cannot be required to remain in direct contact with each other, and the reasons for the formation of bad relations between the parties are not significant, only the actual their creation, which is clearly formulated in Art.