KRS 355.2A-501: Default procedure.

(1) Whether the lessor or the lessee is in default under a lease contract is determined by

the lease agreement and this article.

(2) If the lessor or the lessee is in default under the lease contract, the party seeking

enforcement has rights and remedies as pr ovided in this article and, except as

limited by this article, as provided in the lease agreement.

(3) If the lessor or the lessee is in default under the lease contract, the party seeking

enforcement may reduce the party's claim to judgment, or otherwise enforce the

lease contract by self -help or any available judicial procedure or nonjudicial

procedure, including administrative proceeding, arbitration, or the like, in

accordance with this article.

(4) Except as otherwise provided in KRS 355.1 -305 or this article or the lease

agreement, the rights and remedies referred to in subsections (2) and (3) of this

section are cumulative.

(5) If the lease agreement covers both real property and goods, the party seeking

enforcement may proceed under this part as to t he goods, or under other applicable

law as to both the real property and the goods in accordance with that party's rights

and remedies in respect of the real property, in which case this part does not apply.