Peachtree City police said William Porter, 55, and Ericka Porter, 51, took advantage of the man's mental condition.
Police said the two continually visited the 79-year-old at the Towne Club senior living facility and got him to sign paperwork allowing them move into his house on Hilltop Drive.
"They appear to have intimidated him or convinced him to sign this lease committing an act of fraud against this poor man," said Peachtree police Lt. Mark Brown.
Workers at the victim's assisted living facility and his neighbors alerted police.
"We've always looked after him because his health is failing and he has dementia," said neighbor Joy Thompson.
Investigators said not only were the Porters living in the home illegally, they said the two were also selling the victim's property
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Couple accused of exploiting elderly man with dementia, selling his wedding ring