Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 10-10.2 — Power to lease in tenant for life; scope
N.Y. Est. Powers & Trusts Law § 10-10.2
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 10-10.2 Power to lease in tenant for life; scope
Citator
N.Y. Est. Powers & Trusts Law § 10-10.2 — Power to lease in tenant for life; scope is in force in the current edition of the Code, and nothing recorded condemns it.
§ 10-10.2 Power to lease in tenant for life; scope
A power may be conferred upon a tenant for life to make leases of real property for a term of not more than twenty-one years to commence in possession during his lifetime. If the power authorizes, or the life tenant makes, a lease for a term in excess of twenty-one years, such power or lease is valid for twenty-one years, but is void as to the excess.