Utah § 75A-5-405 Receipts not normally apportioned -- Rental property.

Utah Statutes

§ 75A-5-405 — Receipts not normally apportioned -- Rental property.

Utah § 75A-5-405

Title 75AFiduciaries

Ch. 75A-5Uniform Fiduciary Income and Principal Act

Part 75A-5-4Allocation of Receipts

This text of Utah § 75A-5-405 (Receipts not normally apportioned -- Rental property.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 75A-5-405 (2026).

Text

(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.

(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:

(2)(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

(2)(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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(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.
(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:
(2)(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
(2)(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.