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.
Structure Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Chapter 61. DELAWARE UNIFORM PRINCIPAL AND INCOME ACT
Subchapter IV. Allocation of Receipts During Administration of Trust
§ 61-401. Character of receipts.
§ 61-402. Distribution from trust or estate.
§ 61-403. Business and other activities conducted by an estate.
§ 61-406. Obligation to pay money.
§ 61-407. Insurance policies and similar contracts.
§ 61-408. Insubstantial allocations not required.
§ 61-409. Deferred compensation, annuities, and similar payments.
§ 61-411. Minerals, water and other natural resources.
§ 61-413. Property not productive of income.