Article L2421-15 of the French General Code of Local Authorities
In the case of a life interest, the compensation provided for in article L. 2421-14 may consist of a life annuity calculated on the basis of the normal profitability of the land on which the suppressed right of enjoyment was based. However, if the former holder acquires, pursuant to article L. 2421-6, the parcel over which he had a right of enjoyment, this annuity is convertible into a capital sum,…