I want to transfer the deed to my primary residence to my daughter (one of 2, but the 2nd daughter has financial issues and is ok with being excluded). But I need to be certain that my live-in boyfriend, of 12 years, maintains the right to live in it until he passes, or decides to vacate of his own volition. This right must also state that his right is exclusive, meaning that my daughter couldn't move in or attempt to rent out any portion of the house as long as he's still residing there. I'd also like to know what my cost would be to have it done. Thank you.
A deed is a written document describing a piece of real estate and documenting the transfer of ownership from one person (the grantor) to another (grantee).
The term real estate means land and items permanently attached to it, like buildings. This area of law deals with who has the right to own and use these items.