{"data":{"id":"us-ga/o.c.g.a.-53-12-421","jurisdiction":"us-ga","citation":"O.C.G.A. § 53-12-421","heading":"Rental property.","body":"To the extent that a trustee accounts for receipts from rental property pursuant to this Code 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, shall be added to principal and held subject to the terms of the lease and shall not be available for distribution to a beneficiary until the trustee’s contractual obligations have been satisfied with respect to such amount.","path":["TITLE 53 Wills, Trusts, and Administration of Estates","CHAPTER 12 Trusts","Article 17 Georgia Principal and Income Act","PART 4 Allocation of Receipts During Administration of Trust","Subpart 2 Receipts Not Normally Apportioned"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.53.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:58Z","sha256":"6b303df4b08631a9ebcc4b27c83e66e50d0e539ca96d2515cea279d96a15d9b0","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-53-12-420","next":"us-ga/o.c.g.a.-53-12-422"},"notice":"GroundRules: Original legal text. Not legal advice."}