Kansas § 58-9a-405 Receipts from rental property

Kansas Statutes

§ 58-9a-405 — Receipts from rental property

Kansas § 58-9a-405

Ch. 58PERSONAL AND REAL PROPERTY

Art. 9aUNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT

This text of Kansas § 58-9a-405 (Receipts from rental property) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 58-9a-405 (2026).

Text

To the extent a fiduciary does not account for the management of rental property as a business under K.S.A. 2024 Supp. 58-9a-403, and amendments thereto, 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:

(a)Must be added to principal and held subject to the terms of the lease, except as otherwise provided by law other than this act; and

(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.

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To the extent a fiduciary does not account for the management of rental property as a business under K.S.A. 2024 Supp. 58-9a-403, and amendments thereto, 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:
(a) Must be added to principal and held subject to the terms of the lease, except as otherwise provided by law other than this act; and
(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.