Abandonment of Property Laws in Kentucky

Please visit our website at www.treasury.ky.gov for information on unclaimed property or email [email protected] for assistance. Our online database kyclaims.unclaimedproperty.com is available for individuals to search for unclaimed property and begin the online claims process. The goal of each landlord is to rent out their rental property and occupy it with tenants who not only pay their rent on time, but also use and maintain the property properly. After all, property is an investment of time and money by the owner. While landlords usually associate property damage with tenants` use of the property (e.g., wild parties or vandalism), non-use can also lead to significant damage to the property, causing not only damage to the structure itself, but also a decrease in the value of the property as a whole. This is especially true during the winter months. For example, a tenant may take an extended vacation for the vacation or even leave the property altogether. Whenever a property is uninhabited for an extended period of time, maintenance issues may go unnoticed and/or other issues may arise without the tenant or landlord`s knowledge. These problems may include heat cut off by the tenant, running water that stays on, a leaky faucet, a stove that stays on, an electrical problem, or the shutdown of one or more utilities by the respective utility due to non-payment. Such problems can cause property damage, including but not limited to frozen/burst pipes, flooding, or fires. In addition, the damage may extend to other units and/or affect the safety of neighboring tenants.

Therefore, it is important for a landlord to know when a tenant will be away for a longer period of time. Be sure to prepare an accounting document and send it to the last known address (your unit) by registered mail or Fedex if your court has taken over this carrier (my big city court uses photo delivery verification), even if the deposit may be carried away by stupid behavior of the tenant or his guests, it is a prerequisite for running the business. Print your local/state laws and always follow them, if you have the opportunity to visit the housing court, you can watch the rules go into effect. Requiring tenants to notify the landlord of a prolonged absence from the property is protection for both the property and neighbouring tenants. It not only allows proper maintenance of the property itself, but also offers protection for the owner`s investment. In Kentucky, the Uniform Residential Landlord and Tenant Act (“URLTA”) (KRS 383,505 to 383,705)[1] requires the tenant to use the property as residential property for the duration of the lease, unless the landlord has agreed otherwise. [2] In addition, the landlord is authorized to include in the lease a provision that the tenant must inform the landlord in advance of a longer absence from the property of more than seven (7) days. [3] This notice serves as a protective measure as it allows the landlord to keep abreast of the condition of the property and any maintenance problems that may arise during the tenant`s absence. However, such a requirement must be included in the lease to be enforceable. Hello, my first post here. My mom and I have a rental property in the Lexington area of Kentucky. I`ve spent the last 2-3 hours looking for a definitive answer to what to do if a person leaves furniture behind.

We have nothing in the lease for abandoned property. We will do this after renting again. We signed the registration list of him and I also have the starting list, so everything was done according to the book. Abandoned property is an asset that has been transferred to the Crown after several years of inactivity. State laws determine when an asset is legally considered abandoned, timelines vary, although the property generally does not need to be claimed for at least two years to qualify. Tenants, landlords and landlords are bound (and protected) by several real estate and real estate laws. Kentucky and other state laws limit the amount of money a landlord can charge for a security deposit and certain terms of the lease, prohibit discrimination, and govern other aspects of the relationship. States also enforce enemy property laws (or “squatter rights”) that allow constant intruders to acquire ownership of an otherwise abandoned property after inhabiting it for a specified period of time.