KRS 355.2A-208: Modification, rescission, and waiver.

(1) An agreement modifying a lease contract needs no consideration to be binding.

(2) A signed lease agreement that excludes modification or rescission except by a

signed record cannot be otherwise modified or rescinded, but, except as between

merchants, such a requirement on a form supplied by a merchant must be separately

signed by the other party.

(3) Although an attempt at modification or rescission does not satisfy the requirements

of subsection (2) of this section, it may operate as a waiver.

(4) A party who has made a waiver affecting an executory portion of a lease contract

may retract the waiver by reasonable notification received by the other party that

strict performance will be required of any term waived, unless the retraction would

be unjust in view of a material change of position in reliance on the waiver.