Kentucky Commercial Lease Agreement
The Kentucky Commercial Lease Agreement is a document created by the Kentucky Real Estate Commission that binds a landlord (or property manager) and a tenant to a contract that is used for the renting of a property which will be used solely for business purposes. During negotiations, where the landlord and tenant go over the conditions of the lease, the tenant should keep in mind the total monthly expenses before filling-in the contract. A lower monthly rent may be appealing at first, but can be overshadowed by a Triple-Net agreement, where the tenant would be required to pay for property taxes, maintenance, and insurance.
Kentucky Commercial Code: KY Revised Statutes Ch. 355