This office lease provision states that Base Rent shall be $25.50 per rentable square foot. During the Renewal Term, Base Rent shall be increased by the change, if any, in the Consumer Price Index. In no event will the Renewal Rental Rate be less than the Base Rent.
Kentucky Provision Calculating the Rent Increase
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US-OL24017D
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The landlord cannot increase the rent, decrease the services provided, or evict a tenant for asking that repairs be made or for notifying Code Enforcement of defects in the property. 3. The right to a rental unit that is habitable and compliant with all building and housing codes (KRS 383.595).
What a rent increase notice should include The date of the notice. Name and address of the property manager or landlord. Name and address of the tenant. Last day of the current lease. Amount of the increase. Date the increase goes into effect. Timeframe for tenant to accept increase or reject lease renewal.
The landlord cannot increase the rent, decrease the services provided, or evict a tenant for asking that repairs be made or for notifying Code Enforcement of defects in the property. 3. The right to a rental unit that is habitable and compliant with all building and housing codes (KRS 383.595).
Kentucky Landlord Responsibilities (KRS 383.595) Landlords must follow all building and housing codes regarding health and safety. Landlords are required to make all repairs and whatever else is needed to maintain the property and keep it habitable for tenants.
How Much Can a Landlord Raise Rent By in Kentucky? In Kentucky, landlords can raise the rent by any amount that they wish. There is no legal limit or cap on the amount of a rent increase.
Small Claims Court Basics in Kentucky Recovery of unpaid rent. Damages that exceed the amount of the security deposit. Failure to uphold the responsibilities of the rental agreement. Early termination of a lease.
LEXINGTON, Ky. ? Kentucky Tenants is pushing for Lexington to adopt a Tenants' Bill of Rights. The bill of rights has four parts to it: eviction prevention, antidiscrimination, representation and accountability.
Rent Increases: Rent control is banned in Kentucky (KRS § 65.875). Late Fees: There is no statutory limit on late fees in Kentucky.
