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What Is a Kentucky Lease Agreement?

A Kentucky lease agreement is a written agreement that may be legally binding. The parties to the agreement are the landlord and tenant(s). The landlord agrees to allow the tenant(s) to use the described property for the term of the lease. In exchange, the tenant(s) agree to pay a certain amount of rent every month and to keep the property in good repair.

The Most Commonly Used Kentucky Lease Agreements

The most commonly used Kentucky lease agreements include a standard residential lease agreement, a month-to-month lease agreement, a lease to own agreement, a roommate agreement, and a commercial lease agreement.

How to Write a Standard Kentucky Lease Agreement

A standard Kentucky lease agreement is the most commonly used agreement. They’re used for residential units and are usually for a term of one year. It should comply with Kentucky law. The basic terms of this agreement include:

  • The landlord’s name and legal address.
  • The tenant’s name and address.
  • The address of the rental property.
  • The term of the lease. This should include the start date and the end date of the term.
  • The amount of the security deposit that was paid for the property. The landlord must also list the name of the bank where the money is held as well as the account number.
  • The amount of the rent that’s due each month as well as when it is due and how it should be paid.
  • The amount of late charges the tenant must pay if their rent is not paid within five days of the due date.
  • Explain which utilities the tenant is responsible for paying and which the landlord will pay (if any).
  • List the appliances provided by the landlord and which appliances shall be provided by the tenant.
  • Whether pets are allowed. This section should include the pet deposit, the number of pets allowed, and any restrictions related to pets.
  • A section that must be initialed by the tenant if the landlord is legally required to provide a lead-based paint disclosure. The initials of the tenant acknowledge that the tenant received the disclosure.
  • A signature line and date for both the landlord and the tenant(s).

What Disclosures Must Be Made in a Kentucky Lease Agreement?

Under state law, Kentucky lease agreements must also include certain disclosures. We already mentioned the lead-based paint disclosure. This is actually a federal law. If a residential unit was constructed before 1978, the landlord must provide a disclosure about the possibility about lead-based paint.

The landlord must disclose the identities of individuals allowed onto the rental property if they are an agent or manager. The landlord must complete a walk-thru with the tenant to document any existing defects or need for repairs. The tenant may waive this, but to do so, they must sign a waiver. As mentioned in the section above, the landlord must disclose which bank the security deposit is held in along with the account number.

Under state law, the landlord must give at least two days of notice to the tenant before entering the property for any non-emergency reason.

What You Need to Know about Kentucky Lease Agreement Deposits

There is no maximum for a security deposit under Kentucky law. However, the landlord must return the deposit within 60 days of the end of the lease. If the tenant doesn’t provide a forwarding address within that time period, the landlord is legally entitled to keep the money.

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