KRS 386.472: Receipts from rental property.

To the extent that a trustee accounts for receipts from rental property under 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. A n amount

received as a refundable deposit, including a security deposit or a deposit that is applied

as rent for future periods, shall be added to principal and held subject to the terms of the

lease and is not available for distribution to a beneficiary u ntil the trustee's contractual

obligations have been satisfied with respect to that amount.