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This Form Has Been Approved By The Kentucky Real Estate Commission
(This is a Legally Binding Contract. If you do not fully understand the terms of this contract,contact an
KENTUCKY RESIDENTIALLEASE (KREC)
1. PREMISES. Landlord hereby leases to Tenant, and Tenant hereby leases from
Landlord the premises located at
2. TERM. The Term of this Leasewill begin on
, 20 ,
and end on
. This Lease shall not automatically
renew or convert to a month-to-month tenancy. Either party may terminate this lease
upon thirty (30) days prior written notice to the other party.
3. SECURITY DEPOSIT. Upon the execution of this Lease, Tenant shall pay to
Landlord a security deposit in the amount of $
to be held as security for the
payment of rent and the faithful performance by Tenant of all of its obligations in the
Landlord may use the security deposit to repair any damage to the Premises caused by
Tenant or its guests,and to clean the Premises upon termination of this Lease. The
security deposit shall be held and applied as provided by the lawsof Kentucky. The
security deposit shall be placed in the
name)Bank in bank account #
(insert bank account numberpursuant
KRS 383.580). If Tenant fully performs its obligations hereunder, the security deposit, or
balance, shall promptly be returned to Tenant after the termination of this Lease.
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