14-7414. Rental property
To the extent that a trustee accounts for receipts from rental property pursuant to
this section, the trustee shall allocate to income an amount received as rent of real or
personal property, including an amount received for cancellation or renewal of a lease.
An amount received as a refundable deposit, including a security deposit or a deposit
that is to be applied as rent for future periods, must be added to principal and held
subject to the terms of the lease and is not available for distribution to a beneficiary
until the trustee's contractual obligations have been satisfied with respect to that
amount.
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