Free Kentucky Residential Lease Agreement
Start a comprehensive and legally binding Kentucky lease agreement to rent real estate you own to one or more tenants. Get guidance on each step and expert tips with the help of our contract maker.
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What is a Kentucky Lease Agreement
A lease agreement is a legally binding contract between a landlord and a tenant. This is written to conform to state laws where the property is located. In Kentucky these allow both parties to comply with a series of set terms for a specified number of months or years.
A lease agreement should contain the following details:
How long the tenant may legally reside in the property
How much rent should be paid
Information about the security deposits necessary
When rental installments are due
Any additional costs that must be serviced by the tenant
The rules regarding the proper use of the property
Situations that constitute lease violation eviction procedures
Types of Kentucky Lease Agreements
Before starting a KY lease agreement, it is important to know which type to create. There are many distinct varieties of these legal instruments, and each deals with a different type of rental situation.
The most common types of lease agreements in Kentucky include:
Standard residential lease agreements: Both the landlord and tenant commit to a fixed set of terms for a set period of time.
Rent-to-own lease agreements: Designed for tenants that wish to buy the property they are renting during or after the lease has ended. This typically requires the tenants to pay an additional sum of money each month, to cover the principal costs.
Month-to-month rental agreements: The same general terms as a standard residential lease contract, but they can be renewed, altered, or ended on a month-by-month basis.
Commercial lease agreements: Provided by landlords of retail property to tenants that will use the real estate to manage a business.
Room rental agreements: Used for rooms within properties that have shared living areas.
Sublease agreement: Allows tenants to assign or lease the property to another individual as long as they have the property landlord’s permission
Kentucky Lease Addendums and Disclosures
Kentucky lease agreements must contain a few disclosures and addendums when they are completed and signed. This is to properly inform the tenant of any health risks or potential issues with the property, or details about how the property is managed that they must be aware of.
These essential addendums include the following:
Lead paint disclosure: If the rental unit is in a building constructed before 1978, the landlord or their agent must disclose whether lead paint can be found on the property and must provide safety information for any located on the premises.
Authorized persons: Landlords must disclose on the contract who will be allowed on the premises, such as agents, managers, or cleaners.
Security deposit holding disclosure: A section must be added advising the tenant on how the security deposit will be collected and stored, as well as informing the resident of key rules that apply in Kentucky regarding the deposit.
Kentucky Lease Agreement Laws
A KY lease agreement must be written and signed within the laws of Kentucky state, otherwise, it will be legally contestable and can be declared invalid and block either party from recourse if a violation is committed. These will police how you start and end the contract and control what procedures you can reasonably ask a tenant to follow.
The most important laws to consider when you are renting a property in KY include:
Security deposits: There is no limit to how much Kentuckylandlords may charge if the property is a non-rent control unit. This must be returned to the tenant within 60 days of vacating the property and returning the keys. The tenant must provide the landlord with a forwarding address within this time frame, or the security deposit does not have to be returned. Landlords must also give advance notice of any deductions.
Landlord’s right to enter: Landlords can enter the rental property for any non-emergency reason by giving two days’ advance notice (a written notice is recommended).
For more specific information on KS lease agreements, consult the Kentucky Statutes.
Kentucky Residential Lease Agreement Sample
Before beginning the process of creating a residential lease agreement in Kentucky it is sensible to review an example document first. Use our KY lease agreement sample below to find out more about the structure and contents of a fully-fledged rental contract.
FAQs About Kentucky Lease Agreement
It is important to carefully prepare a Kentucky lease agreement to suit the needs of the landlord and tenant exactly. To help demystify the process a little simply review our FAQs below to learn more about the specificities of rental contracts in KY.
How to Get a Lease Agreement in Kentucky?
It is possible to create a Kentucky lease agreement completely online. Using our residential lease agreement maker you can tailor your document for your specific needs and take advantage of professional templates and expert tips.
Can a Lease Be Negotiated in Kentucky?
Yes, a KY residential lease agreement can be negotiated before it is signed. The landlord and tenant will usually discuss the terms before the agreement is put into action. However, once a lease agreement is signed it cannot be altered until it comes to its natural end or is canceled.
When Can a Landlord Change The Lease?
Usually, a KY lease agreement cannot be changed once it is signed. Its terms will remain fixed until it reaches its agreed expiration date or it is terminated due to a violation by either party.
With a rental agreement or month-by-month tenancy, however, the terms of the agreement can potentially be changed each rental period. This means the landlord can amend or end the terms of the contract every 30 days if they wish.
You are only a few steps away from your own Kentucky Lease Agreement!