N.Y. EPTL 10-10.3
Current through 2024 NY Law Chapter 457
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.
N.Y. EPTL 10-10.3