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Kentucky Standard Residential Lease Agreement

A Kentucky standard lease agreement is a tool used to define and clarify the terms of a rental arrangement between a landlord and a tenant. Standard lease agreements tend to govern a fixed period, usually one year.
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Updated August 15, 2024

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Rental Application – Used by a landlord to screen a tenant and verify that a tenant has the ability to pay rent on time.

Required Disclosures (4)

  1. Authorized Access – Tenants must be informed about who is authorized to enter the premises and when.[1]
  2. Lead-Based Paint Disclosure & EPA Pamphlet – If the rental was built before 1978, the landlord has to disclose to the tenant the possibility of the use of lead-based paint.
  3. Move-In Inspection Checklist – The tenant should receive a move-in checklist before moving in.
  4. Security Deposit Receipt – If the landlord accepts a security deposit, the details of the account in which it’s held should be disclosed.[2]

Security Deposit Laws

Maximum Amount – No statute.

Receipt – The landlord must provide a security deposit receipt for any deposit accepted.[3]

Returning to Tenant – A security deposit must be returned within 60 days of the lease’s termination.[4]

Rent Payment Laws

Grace Period – None. Rent is due on the date due and a late fee will apply to rent paid after that.

Maximum Late Fee – $20 or 20% of the rent, whichever is greater.[5]

NSF Fee – A landlord can charge $50 for a bad check.[6]

Sources

  1. Ky. Rev. Stat. §  383.585
  2. Ky. Rev. Stat. §  383.580(1)
  3. Ky. Rev. Stat. § 383.580(2)
  4. Ky. Rev. Stat. § 383.580(7)
  5. Ky. Rev. Stat. § 359.215(3)
  6. Ky. Rev. Stat. § 514.040(4)(b)