Legal Question in Real Estate Law in Pennsylvania

The simplest option would be to have leases drafted on each house, and then to have a property casaulty insurance company issue leasehold policies on top of the owner policy. This would add a layer of protection. Your homeowner's carries would be able to help with this. As to the inheritance issue, as long as your will bequeaths the property to all the kids, that should not be a problem. Even if you don't have a will, all of your kids would be entitled to a share under the intestancy laws.

In order to preserve your daughter's right to purchase your home, the lease should include an option to purchase. A price should be set now, or you could provide for a way to establish the price at the time when she exercises the option. You should seek a real estate lawyer's help with writing up that lease, because it may not accomplish what you want unless it is properly written.

Also consider how that option to purchase would affect the inheritance rights of all of your children.

This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.

* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.

* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.