Okla. Stat. tit. 60, § 60-175.405
This is the official text of Okla. Stat. tit. 60, § 60-175.405, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Rental property
Official statutory text
RENTAL PROPERTY
To the extent that a trustee accounts for receipts from rental
property pursuant to this section, the trustee 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, must be added to principal and held subject to the terms of
the lease and is not available for distribution to a beneficiary
until the trustee's contractual obligations have been satisfied with
respect to that amount.
To the extent that a trustee accounts for receipts from rental
property pursuant to this section, the trustee 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, must be added to principal and held subject to the terms of
the lease and is not available for distribution to a beneficiary
until the trustee's contractual obligations have been satisfied with
respect to that amount.
Status: in_force · Read it on the official government site
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