Security Deposits
Maximum – There’s no limit on the amount Landlords can charge their Tenants in Kentucky.
Returns – When the lease agreement between a landlord and tenant ends, the landlord must return the tenant’s deposit within a specific time frame. According to the law, the landlord must return the deposit within sixty (60) days from the termination date. It is important to note that the deposit must be returned in full unless there are any damages or unpaid rent owed by the tenant, which the landlord is entitled to deduct from the deposit. If the tenant does not provide the landlord with a forwarding address within the said time frame, the landlord may keep the funds.
Source: 383.580
Disclosures
Identification – Landlords must disclose any persons authorized to enter the rental property in the agreement.
Lead-Based Paint Disclosure – The lead-based paint disclosure form is required if the rental property was built before 1978.
Move-in Inspection Disclosure Form – When accepting a security deposit, landlords must report pre-existing property damage on a Move-In Inspection Form.
Receipt – Landlords must provide Tenants with a security deposit receipt, including bank location and account number.
Source: 383.580
Late Fees
Grace Period – There’s no grace period in Kentucky rather Landlords can send Tenants a notice to quit on the day after the rent due date.
Maximum – Landlords can charge 20-25% (whichever is greater) of the rent amount.
NSF Fee – $50 per bounced check.
Source: 514-040
Entry to the Rental Property
The landlord is required to provide a minimum of two (2) days’ notice to the tenant before accessing the premises for any non-emergency purpose. However, the landlord may enter the unit without prior notice in an emergency.
Source: 383.615