N.Y. Estates, Powers & Trusts Law Section 10-10.3
Power to lease in tenant for life

  • transfer and extinguishment
§ 10-10.3 Power to lease in tenant for life; transfer and extinguishment The power of a tenant for life to make leases is not assignable as a separate interest, but is annexed to his estate and passes by a disposition of such estate unless expressly excepted. If so excepted, it is extinguished. Such a power may be released by the tenant to a person entitled to a future estate in the property, and shall thereupon be extinguished.

Source: Section 10-10.3 — Power to lease in tenant for life; transfer and extinguishment, https://www.­nysenate.­gov/legislation/laws/EPT/10-10.­3 (updated Sep. 22, 2014; accessed Nov. 25, 2023).

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Accessed:
Nov. 25, 2023

Last modified:
Sep. 22, 2014

§ 10-10.3’s source at nysenate​.gov

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