The Kentucky rental agreements permit a commercial or residential tenant to occupy space for a business or livable use. The tenant will be required to pay a monthly sum to the landlord and it is usually due on the first (1st). The standard procedure for the landlord is to screen the tenant of their credit and background history through the use of the rental application. This will allow the landlord to be able to make a decision, in the case of a commercial tenant the business’s background, and in the case of a residential tenant the credit report and references of the individual. Once approved a lease contract will be drafted and any lingering items will be negotiated and entered into the agreement.
Form Description Types
Required Landlord Disclosures
The landlord must identify anyone that is allowed to enter the premises at an ongoing basis to perform routine maintenance or any other work to the property.
Required for every residential unit built before 1978. A Lead Based Paint Disclosure Form should be given to each tenant before signing a lease.
A Move-in Checklist must be filled-in by the tenant during a walk-thru of the premises before a Security Deposit may be accepted by the landlord.
The landlord must relay to the tenant where the Security Deposit is being held. This includes the bank name and account number.
There is no maximum on how much the landlord may require at the time of lease signing.
- 30 Days – If the deposit is being returned to the tenant in full without any deductions
- 60 Days – If the deposit is being returned to the tenant with itemized deductions due to damage to the property or other lease violations
The landlord must give at least forty-eight (48) hours notice before entering the property for any modification or improvement.
When is Rent Late
The landlord is to be paid on the date set in the rental agreement with no grace period. If not, the tenant has seven (7) days to pay or vacate the premises if issued an eviction notice.