Property Management
A Kentucky property manager who collects a security deposit must provide the tenant with a written receipt stating:
AThe interest rate being earned on the deposit
BThe amount received and the conditions for its return✓ Correct
CThe names of all other tenants in the building
DThe property manager's KREC license number
Explanation
When collecting a security deposit, a landlord or property manager should provide the tenant with written documentation of the amount received and the terms and conditions under which it will be returned. This protects both parties and establishes a clear record.
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