Property Management
A Kentucky residential tenant submits a repair request for a broken heater in January. The landlord fails to repair it within a reasonable time. The tenant may:
AWithhold all rent indefinitely
BRepair the heater and deduct the reasonable cost from rent under the repair-and-deduct remedy✓ Correct
CSublet the unit and move out without notice
DBreak the lease and forfeit the security deposit
Explanation
Kentucky's Landlord Tenant Act provides a repair-and-deduct remedy for essential services. If the landlord fails to repair a condition affecting health and safety within a reasonable time after notice, the tenant may have the repairs made by a licensed contractor and deduct the cost from rent.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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