Kentucky Residential Lease Agreement

September 24th, 2021| Posted by admin
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Step 1 – The parties to which this lease applies must be defined at the top of the page at the beginning of the contract. Enter the name of the landlord, the address of the premises and the names of all tenants who enter the lease in the space provided. The Kentucky Commercial Lease Agreement is for homeowners who wish to rent their office, retail, or industrial properties to a tenant. The contract can be modified in one of three (3) different types of commercial leases: Gross – The lessor is required to bear all costs related to the property. Modified Gross – Landlords and tenants agree on who pays what cost for the property; a common agreement. Triple Net (NNN) -. Kentucky homeowners who intend to post a deposit should provide an update on the condition of the rental unit in the form of a list of move-in checks. If sixty (60) days pass without a response from the tenant, the lessor may withhold the entire deposit. This Agreement is in full compliance with all applicable statutes of the Kentucky Uniform Residential Landlord and Tenant Act and is binding upon signature. This does not exclude the possibility of extending the agreement, provided that it is legal and does not violate the rights of both parties. Simply document the additional provisions of the agreement concluded, date them, ensure that it bears the signatures of all parties involved and then add them to the lease. A Kentucky lease agreement is a document used for the rental of residential or commercial real estate between a lessor, a party that owns the space and a tenant, the party that wishes to occupy for payment.

After visiting the property, the tenant should normally complete a rental application so that the landlord or his agent can view their employment, credit and background information. Once the tenant is approved, a lease should be designed containing the intentions of both parties. . . .

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