{"data":{"id":"us-co/c.r.s.-15-1.2-405","jurisdiction":"us-co","citation":"C.R.S. § 15-1.2-405","heading":"Rental property.","body":"(1) To the extent a fiduciary does not account for the management of rental property as a business under section 15-1.2-403, the fiduciary 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:\n\n(a) Must be added to principal and held subject to the terms of the lease, except as otherwise provided by law other than this article 1.2; and\n\n(b) Is not allocated to income or available for distribution to a beneficiary until the fiduciary's contractual obligations have been satisfied with respect to that amount.","path":["Title 15 - PROBATE, TRUSTS, AND FIDUCIARIES","Article 1.2 - Uniform Fiduciary Income and Principal Act","Part 4 - ALLOCATION OF RECEIPTS"],"source_url":"https://olls.info/crs/crs2026-title-15.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"83b418f6332e0aa259b6450840ad0cb5473d3ded8bad6890d7e2ce16d6a3a54c","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-15-1.2-404","next":"us-co/c.r.s.-15-1.2-406"},"notice":"GroundRules: Original legal text. Not legal advice."}