Property Code § 116.162
A trustee must treat rental receipts as income, but refundable deposits must go to principal and cannot be distributed to a beneficiary until the trustee’s contractual obligations for that amount are satisfied.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
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rental property security deposits trust accounting
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Property Code § 116.162
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