{"data":{"id":"us-ut/utah-code-75a-5-405","jurisdiction":"us-ut","citation":"Utah Code § 75A-5-405","heading":"Receipts not normally apportioned -- Rental property.","body":"(1) To the extent a fiduciary does not account for the management of rental property as a business under Section 75A-5-403, 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.\n(2) 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(a) shall 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(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 75A Fiduciaries","Chapter 75A-5 Uniform Fiduciary Income and Principal Act","Part 75A-5-4 Allocation of Receipts"],"source_url":"https://le.utah.gov/xcode/Title75A/Chapter5/75A-5-S405.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"5843c9de95e974681909261686cf54afcf7645a06a96068bcccea817937db041","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-75a-5-404","next":"us-ut/utah-code-75a-5-406"},"notice":"GroundRules: Original legal text. Not legal advice."}