Oregon Code § 129.315·Enacted ·Last updated March 01, 2026
Statute Text
UPIA
405. 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 trustees
contractual obligations have been satisfied with respect to that amount. [2003
c.279 §14]
Plain English Explanation
This Oregon statute addresses UPIA
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 129.315
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses UPIA
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