EPTL 10-10.2 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 10-10.1 Power to distribute principal or allocate income; restriction up PART 10 Provisions Affecting Powers Other Than Powers of Appointment next SECTION 10-10.3 Power to lease in tenant for life; transfer and extinguishment Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 10-10.2 Power to lease in tenant for life; scope Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 10 § 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.