{"data":{"id":"us-ny/n.y.-estates-powers-trusts-law-10-10.4","jurisdiction":"us-ny","citation":"N.Y. Estates, Powers \u0026 Trusts Law § 10-10.4","heading":"Power to lease in tenant for life; effect of mortgage","body":"§ 10-10.4 Power to lease in tenant for life; effect of mortgage\n  (a)  The power of a tenant for life to make leases is neither\nextinguished nor suspended when such tenant executes a mortgage.  The\npower is bound by the mortgage in the same manner as the real property\nembraced therein, and the lien of the mortgagee on such power:\n  (1)  Entitles the mortgagee to an exercise of the power so far as the\nsatisfaction of the debt requires; and\n  (2)  Causes any subsequent interest, created by the tenant for life by\nan exercise of such power, to become subject to the mortgage as if in\nterms embraced therein.","path":["Estates, Powers \u0026 Trusts Law","Article 10. Powers","Part 10. Provisions Affecting Powers Other Than Powers of Appointment"],"source_url":"https://legislation.nysenate.gov/api/3/laws/EPT/10-10.4","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"5628725ec35c1846661d2f46e5ce3b3422e9da8f99b4e871c9ffba1f9352a77a","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-estates-powers-trusts-law-10-10.3","next":"us-ny/n.y.-estates-powers-trusts-law-10-10.5"},"notice":"GroundRules: Original legal text. Not legal advice."}