Section 4.12 Receipts From Rental Property
| Library | Trusts and Powers 2013 Supp |
D. (§4.12) Receipts From Rental Property
The Act sets forth specific rules regarding the allocation of receipts from rental property. Rent and amounts received for cancellation or renewal of a lease are to be allocated to income. Refundable deposits are to be allocated to principal and cannot be distributed until all obligations...
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