Legal Question in Real Estate Law in New York

Re: Homeowner

Yes, that is something that should be written into an agreement between the parties prior to closing. There may be issues of enforceability if there is a lack of consideration however I can't see why all that couldn't be addressed.

Feel free to contact me should you need assistance on this matter.

Kind regards,

Peter Moulinos

Re: Homeowner

I agree with Peter that any side agreement can be written up and included as part of the sale. I do not understand why you are undertaking this obligation if you are purchasing for fair market value, unless you are not paying the uncle for his share, which is being used as consideration for the agreement to house him. What, if any, obligations will he have toward the house? If he will be paying anything, like rent, some share of the utilities, taxes, insurance, maintenance, etc., this should also be written into the agreement. Will he have his own phone? Who pays for it. Every little detail should be included, and the document should be witnessed and notarized. Besides your concerns, what happens if he becomes incapacitated? Will you be allowed to move him to a nursing home, or are you obligated to provide home care? Who will pay these costs? I suggest an attorney assist you in writing the document.