{"data":{"id":"us-va/va.-code-64.2-1052","jurisdiction":"us-va","citation":"Va. Code § 64.2-1052","heading":"Rental property","body":"To the extent a fiduciary does not account for the management of rental property as a business under § 64.2-1050, 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:1. Shall be added to principal and held subject to the terms of the lease, except as otherwise provided by law other than this chapter; and2. 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.2022, c. 354.","path":["Title 64.2. Wills, Trusts, and Fiduciaries","Subtitle III. Trusts","Chapter 10.1. Uniform Fiduciary Income And Principal Act","Article 5. Allocation of Receipts: Receipts Not Normally Apportioned"],"source_url":"https://law.lis.virginia.gov/vacode/64.2-1052/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:18:14Z","sha256":"47168ba7a7faf5dd0405dc7926e13bb672bb57ae79947be4e548e23007ae0e9d","source_id":"us-va","stale":true,"prev":"us-va/va.-code-64.2-1051","next":"us-va/va.-code-64.2-1053"},"notice":"GroundRules: Original legal text. Not legal advice."}