Kentucky Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent

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Multi-State
Control #:
US-OL4A012A
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Description

This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.

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FAQ

State and local laws can vary, but as a landlord, you will generally be responsible for providing your tenants with a ?habitable? dwelling, meaning that basic requirements for human occupancy such as having electricity, running water, a pest-free environment, and secure windows and doors must be met.

Landlord Responsibilities in Kentucky ItemHas to Provide?Has to Fix/Replace?Hot WaterYesYesKitchen AppliancesNoOnly If ProvidedGarbage Containers/RemovalNoNoSmoke and Carbon Monoxide (CO) DetectorsYesYes3 more rows ?

Tenant Rights to Withhold Rent in Kentucky Tenants may withhold rent or exercise the right to "repair and deduct" if a landlord fails to take care of important repairs, such as a broken heater.

Security Deposit (KRS 383.580) Landlords must keep security deposits in a separate account. Tenants must be notified of the location of the account and the account number. If a landlord fails to maintain a separate account, the landlord is not allowed to keep any portion of the security deposit.

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).

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.

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.

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Kentucky Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent