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Kentucky Residential Purchase Agreement

A Kentucky residential purchase agreement is a legal document that binds a seller and a buyer to the terms of a residential property sale. The agreement outlines the rights and responsibilities of both parties, as well as the terms and conditions of the transaction. It becomes legally binding once signed by both parties.
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Required Disclosures (2)

Lead-Based Paint Disclosure – It is required that the seller of a building constructed prior to 1978 provide all potential buyers with a lead-based paint disclosure statement that details any toxic paint used on the premises at any time.

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Seller’s Disclosure of Property Condition (§ 324.360) – As Kentucky is not a buyer-beware state, the seller of a residential property must provide the buyer with full disclosure of the condition of the property prior to signing a purchase agreement.

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