Contracts
A Kentucky lease agreement states that the tenant must provide 60 days written notice to terminate. If the tenant fails to provide proper notice, they may be liable for:
ANothing, as the lease ends automatically
BRent for the 60-day notice period✓ Correct
CA penalty equal to 3 months' rent
DLiquidated damages as specified in the lease
Explanation
If a tenant fails to provide the required notice period, they may be liable for rent during the notice period they failed to provide. The landlord is entitled to the notice period to find a replacement tenant.
Related Kentucky Contracts Questions
- A Kentucky purchase contract contains the phrase 'time is of the essence.' This means:
- A 'net listing' in Kentucky is one where:
- In Kentucky, a listing agreement is NOT terminated by:
- A Kentucky buyer discovers that the property they are under contract to purchase has an unrecorded easement that was not disclosed. The buyer's remedies may include:
- A Kentucky seller who discloses that the property is in a flood zone but the buyer still wishes to proceed creates a written acknowledgment. This acknowledgment should:
- Which of the following would be considered an 'executory' contract?
- When a seller accepts a buyer's offer without changes, this creates a(n):
- An option contract gives the optionee the:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →