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A promissory note is used when one party, the issuer, is making a "promise" to pay a certain amount of money to another party, known as the payee.

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This Lease Agreement is legally binding in Kentucky according to your state's specific rules and regulations.

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Kentucky Promissory Note: What Is It?

A Kentucky promissory note is a document that expresses the agreement of two people in regards to how a specific loan or payment plan will be repaid. A Kentucky promissory note should list the amount of the loan, the amount of each installment payment, the due date for each payment, what happens if the debtor defaults on the payments, and it should be signed and dated by both parties.

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