Property Management
In Kentucky, subletting (sublease) by a tenant typically requires:
ANo permission from the landlord
BLandlord consent unless the lease specifically permits subletting✓ Correct
CKREC approval
DThe subtenant to hold a real estate license
Explanation
Most Kentucky residential leases require landlord consent before subletting. Without lease permission or landlord consent, a sublease may be void and grounds for lease termination.
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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.
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.
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.
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