Does he have any family that he is going to "promise" can live in the house as long as they want if they come take care of him? It sounds far fetched, but will this really end with his eventual passing? What if he slips and falls in the kitchen? Will some long lost family member come looking to make a claim against you? I'm sure you are insured, but what a mess that could be.
Forgive me if I am wrong, but from what I gather he isn't a "whole lot" older than you? I wouldn't worry about "kicking an old man out of his home". I think "old" men stand on equal footing in that regard (Not to call either of you old!). If your boys were the ones doing this it might look worse is all I am saying.
I say, give him a choice....
1. Sign a real deal rental agreement to live in the home that doesn't belong to him and pay the minimum rent you are asking. Offer to take on "reasonable" (whatever you would define that as, maintenance, etc.) landlord responsibilities in exchange. That offers both of you some protections. He would have a lease and I'm assuming said lease would spell out liabilities, etc. for your protection. If his health is failing, is he going to want to replace the water heater if it goes bad? How expensive will that be if he hires it done? A lease could calm some of those worries? Maybe? He might not ever see it that way.
2. Move out and find somewhere else to live. It will likely cost you to get it all done. From what I read in the news, it sounds like if someone moves into a place, lease or no lease, it is difficult to get rid of them. I'm thinking of those stories about folks who deployed overseas or went on vacation and came home to find someone had just decided to move in. It will be a headache for him to move. Not the best option for either person, but he needs to understand you will see it through.
Your only other option is to outlive him. Sounds terrible, but could you put a lien on his estate and collect after he passes? Again, it isn't about making money, but protecting what is yours/your kids/grandkids/etc.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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