Population in Kentucky has been growing steadily for the last decade, and it is projected to continue on the same course which makes Kentucky a great place for property investors to invest. The job market and home prices are also projected to increase, which makes purchasing a rental property a great investment.
Laws that impact the rental market, landlords, and tenants are constantly being decided in states. Make sure you know what’s on your ballot – find Kentucky voting information.
When it comes to Kentucky rental laws, there are a few specifics landlords need to know:
There are no rental application fee laws in Kentucky.
Tenants are responsible for claiming their security deposit within 60 days of moving out after receiving written notification from landlord.
Build a Kentucky lease agreement in less than 15 minutes.
There are three sections to a residential lease agreement. The first section outlines the custom details of the contract, such as who’s involved and for what address. Here’s an example Kentucky lease agreement listing details found in Section 1:
Below are answers to some of the most commonly-asked questions when it comes to landlord-tenant laws in Kentucky:
Renters are able to pay for repairs that the landlord fails to make and deduct up to half of the next month’s rent.
Evicting a tenant in Kentucky typically takes anywhere from three to six weeks depending on the reason for eviction.
Kentucky is considered a landlord-friendly state because of the lack of rent control laws.
There are three reasons a landlord may file for eviction in Kentucky. The three reasons include failure to pay rent, violation of the lease agreement, and end of the lease term. Depending on the violation, the landlord must give the tenant notice and anywhere from seven to 30 days to cure their violation.
If the tenant fails to cure or quit, then the landlord may file a complaint with the court, which costs $43. After the complaint is filed, it will be served to the tenant at least three days before the eviction hearing.
If the court rules in favor of the landlord, then a writ of restitution will be issued immediately. Upon being served the writ of restitution, the tenant will have to move out within seven days.
Landlords must give a 30-day notice before asking a tenant to vacate the property.
TurboTenant has utilized many municipal sources, along with official state statutes, in order to compile this information to the best of our ability. However, local laws are always in flux, and landlords and tenants alike should do their due diligence and consult legal help when it’s needed. We hope the following list can serve as a valuable resource and allow you to succeed as a landlord or tenant in Kentucky. Be sure to take proper precautions when it comes to finding the top candidates for your unit by utilizing our online rental application and tenant screening services.
Disclaimer: TurboTenant, Inc does not provide legal advice. This material has been prepared for informational purposes only. All users are advised to check all applicable local, state, and federal laws, and consult legal counsel should questions arise.
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