{"data":{"id":"us-wa/rcw-11.104b.240","jurisdiction":"us-wa","citation":"RCW 11.104B.240","heading":"Receipts not normally apportioned—Rental property.","body":"To the extent a fiduciary does not account for the management of rental property as a business under RCW 11.104B.220, 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.","path":["Title 11","Chapter 11.104B"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=11.104B.240","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T01:00:25Z","sha256":"c73a679768a9b57e903057347b0cfddd9071385b2e789439ce28bbd865f44675","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-11.104b.230","next":"us-wa/rcw-11.104b.250"},"notice":"GroundRules: Original legal text. Not legal advice."}