Legislation
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.
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.