N.Y. Real Property Law 221 – Rent due on life leases recoverable
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§ 221. Rent due on life leases recoverable. Rent due on a lease for life or lives is recoverable by action, as well after as before the death of the person on whose life the rent depends, and in the same manner as rent due on a lease for years.
Terms Used In N.Y. Real Property Law 221
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC