This form is a contract for the lease of real estate. The property and improvements are leased for use as a retail package liquor store. The lessee agrees not to use or permit the use of the property for illegal purposes. An auction, fire or going out of business or bankruptcy sale, may not be conducted in the property without prior written consent of the lessor. the lessee shall not permit overnight lodging in the property, or the solicitation of business by hand bills in the parking areas.
Kentucky Contract for the Lease of Real Estate
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Multi-State
Control #:
US-60946
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Word;
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FAQ
tomonth lease agreement in Kentucky is a flexible rental arrangement that allows either the landlord or the tenant to terminate the lease with proper notice, usually 30 days. This type of agreement does not have a predetermined end date, providing both parties with flexibility. Utilizing a Kentucky Contract for the Lease of Real Estate for this arrangement helps ensure clarity in terms of cancellation and obligations.
Commercial leases in Ohio must be in writing and signed (See Ohio's Statute of Frauds- ORC Section 1335.04), and, they must be acknowledged (e.g., notarized) when their terms (duration) exceed three (3) years (See ORC Section 5301.08; ORC Section 5301.01).
A written lease agreement must contain:The names and addresses of both parties;The description of the property;The rental amount and reasonable escalation;The frequency of rental payments, i.e. monthly;The amount of the deposit;The lease period;The notice period for termination of contract;More items...
Lease Amendments and Modifications Must Be Notarized if the Original Lease Required Notarization. Leases of land, buildings, and portions of buildings, whether for personal or business use, are transfers of real property rights.
No, a commercial lease agreement does not need to be notarized in Indiana in order for it to be a legally valid document; however, either party to the lease may choose to have the document notarized.
No, lease agreements do not need to be notarized in Kentucky.
Signatures and Notary Since this is a business arrangement, the final document should be notarized, though this isn't a law in the state of Kentucky. After notarization, both parties should sign their name, print it, and date the document.
However, it is usually the tenant who covers the cost regarding the lease document and requests the terms. Having said that, both parties should have legal representation and the particularities of the contract can be negotiated by their legal teams.
The short answer is No a witness does not need to sign But, there are some exceptions and things to consider. Most agreements do not need witnesses to sign them. Most agreements do not even need to be signed by the parties entering into the agreement. Most agreements do not even need to be in writing.
A property lease agreement is a legal contract between two parties, a lessor (landlord) and a lessee (tenant), whereby the lessee is granted access to a property for a certain amount of time.
