March 2026
If you manage rental property in Oregon, you are required to keep a clients' trust account. This account keeps your clients' money separate from your own and protects it from any legal or financial claims made against you personally.
Getting the label right is a small but important step toward compliance.
Who needs a trust account?
- All property managers
- Principal brokers who manage rental real estate
What should the label say?
The account name at your bank depends on what funds you're holding.
For owners' funds:
- "Clients' Trust Account" or
- "Client Trust Account"
For security deposits:
- "Clients' Trust Account – Security Deposits" or
- "Client Trust Account SD"
Do you already have an account?
Check the label now. If it doesn't match one of the options above, call your bank and ask them to update it. It's a quick fix that will help keep your clients' money protected and your account in compliance with
Oregon Administrative Rule 863-025-0010.