There is a newer version
of
this Section
2018 Revised Code of Washington
Title 11 - PROBATE AND TRUST LAW
11.104A Washington principal and income act of 2002.
11.104A.140 Rental property.
Universal Citation: WA Rev Code § 11.104A.140 (2018)
RCW 11.104A.140 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.
[ 2002 c 345 ยง 405.]
Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
