Kentucky Residential Lease Agreement Form
- Lead-Based Paint Disclosure - Lead-based paint has been banned in the country since 1958. So, if the property was constructed before then, the landlord is required to inform the tenant of the fact. Further, the landlord must provide the tenant with educational materials about the dangers of lead-based paint (Lead-Based Paint Disclosure Rule § 1018).
- Authorized Access Disclosure - The landlord should inform the tenant about all the people allowed inside the property, such as managers, agents, or realtors. The disclosure should be done before the start of the tenancy.
- Move-In Inspection - Before the landlord accepts the security deposit, the tenant should be given a rundown of existing damage on the property through a move-in inspection list. The tenant has the right to inspect the property to verify the items on the list (Kentucky Revised Statutes § 383.580 (2)).
Rent Grace Period
Kentucky has a rent grace period of seven days. This means that if the tenant fails to pay rent on time, the landlord will send a written notice of nonpayment, informing them that they have seven days to pay rent. If the tenant fails to comply after seven days, the landlord can start with the eviction process.
There is no statute on the maximum security deposit that a Kentucky landlord can collect at the beginning of the tenancy. However, they are required to deposit the amount in a separate bank account or financial institution that is legally under the jurisdiction of the Commonwealth of Kentucky or any U.S. government agency. The tenant must be informed of the account details.
The landlord has 60 days to return the security deposit to the tenant, but they also have the right to deduct any repair expenses should a room or other parts of the rental unit become damaged. The security deposit may also be used for unpaid rent (Kentucky Revised Statutes § 383.580 (1)).