NY State — NY Real Property Actions & Proceedings Law

§ 765 — SECTION 765 Effect of redemption upon lease

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Statute text reproduced from nysenate.gov. Not attorney-reviewed for your situation — for reference only.

What is NY RPAPL § 765?

Quick Answer

This section outlines the effects of redemption on leases, stating that the rights of the redeemer are subject to any lease executed by the petitioner after the warrant was issued. The new lessee and their representatives may hold the leased premises until noon on the first day of May following the redemption. Applies to parties involved in lease agreements during the redemption process.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 765 SECTION 765 Effect of redemption upon lease

RPAPL § 765

Where a redemption is made, as prescribed in this article, the rights of the person redeeming are subject to a lease, if any, executed by the petitioner since the warrant was issued, so far that the new lessee, his assigns, undertenants, or other representatives, upon complying with the terms of the lease, may hold the premises so leased until twelve o'clock, noon, of the first day of May next succeeding the redemption. And in all other respects, the person so redeeming, his assigns and representatives succeed to all the rights and liabilities of the petitioner under such a lease.

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