{"data":{"id":"us-fl/fla.-stat.-738.405","jurisdiction":"us-fl","citation":"Fla. Stat. § 738.405","heading":"Rental property.","body":"To the extent that a fiduciary does not account for the management of rental property as a business under s. 738.403, 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(1) Must be added to principal and held subject to the terms of the lease, except as otherwise provided by law other than this chapter; and\n(2) 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.\nHistory.—s. 24, ch. 2024-216.","path":["CHAPTER 738 UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0700-0799/0738/0738.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:13:31Z","sha256":"d75bb205b8cd74e3a1cb52cacd2c776ba6035ca11bc6096de2f4f79b353e0894","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-738.404","next":"us-fl/fla.-stat.-738.406"},"notice":"GroundRules: Original legal text. Not legal advice."}