Kentucky Room Rental Agreement

Ensure you adhere to state laws with our editable, legally binding Kentucky Room Rental Agreementtemplate.

Legal Aspects 

Once this Kentucky Room Rental Agreement is implemented, it bestows particular responsibilities and commitments upon both parties involved. It’s crucial to note that this agreement, once signed, has the power of law behind it, binding both parties to the stipulated terms and conditions.

Access to the Room 

• The agreement should clarify the landlord’s privilege to access the rented and shared spaces for maintenance, repairs, and inspections.
• It should also highlight the tenant’s right to privacy, stipulating that the owner must give reasonable notice before entering.
• The owner has the right to enter the rented room and shared areas for maintenance, repairs, or inspections but must provide the tenants with reasonable notice.
• The tenants can enjoy their rented room in peace and privacy.

Guest & Pets Policy 

Here are some suggestions for establishing a balanced guest policy for a Kentucky Room Rental Agreement:

• Establish Occupancy Limits: Set a maximum occupancy limit depending on each room’s layout and size.
• Define Guest Guidelines: As property owners, you have the final authority over who can and cannot stay on the property. Since most residents will have guests occasionally, it’s crucial to maintain flexibility. However, ensure your residents know your specific rules regarding guest occupancy. 
• Implement Guest Time Restrictions: As mentioned earlier, you can limit the duration guests stay at your property without additional authorization. This limit can be enforced in various ways, such as a three (3) night limit per week, a 10-night limit per month, or a 30-night limit per six months.

Here are the key points for the pet policy:

• If a new tenant wishes to bring a pet into the room, any existing pet-related rules the landlord sets should be clearly stated in this section.
• These rules should be included regardless of whether the new tenant owns a pet. This ensures they know the expectations should they decide to get a pet.
• Owners may sometimes charge an additional monthly fee for pets.
• There may also be restrictions on certain breeds and a limit on the number of pets allowed per room.

Security Deposit Regulations 

• In Kentucky, the lease agreement dictates the security deposit and pet fee, and there are no limits on the amounts a landlord can charge. 
• Typically, the security deposit equals one (1) to two (2) months’ rent. An additional month’s rent may be prosecuted as a pet deposit if a pet is involved.
• As per Kentucky law, the security deposit must be kept separate from any other funds in a separate account.
• The landlord must provide the tenant with the receipt of the security deposits with information on where it’s located and the account’s number.
• As per state law, the landlord isn’t required to pay the tenant interest on the security deposit.
• The landlord has 30 days to return the security deposit to the tenant upon vacating the rented room less any deductions, which must be accompanied by an itemized list of deductions. 
• If the landlord fails to return the deposit within 30 days, then the tenant has the right to get reimbursed for any funds that were improperly held by the landlord. Plus, any legal fees.
• If the tenant fails to acknowledge the notice within 60 days of vacating the premises, the landlord has the right to keep the deposit.