{"data":{"id":"us-ky/krs-355.2a-529","jurisdiction":"us-ky","citation":"KRS 355.2A-529","heading":"Lessor's action for rent.","body":"(1) After default by the lessee under the lease contract of the type described in KRS\n355.2A-523(1) or 355.2A-523(3)(a) or, if agreed, after other default by the lessee, if\nthe lessor complies with subsection (2), the lessor may recover from the lessee as\ndamages:\n(a) For goods accepted by the lessee and not repossessed by or tendered to the\nlessor, and for conforming goods lost or damaged within a commercially\nreasonable time after risk of loss passes to the lessee (KRS 355.2A-219):\n1. Accrued and unpaid rent as of the date of entry of judgment in favor of\nthe lessor;\n2. The present value as of the same date of the rent for the then remaining\nlease term of the lease agreement; and\n3. Any incidental damages allowed under KRS 355.2A -530, less expenses\nsaved in consequence of the lessee's default; and\n(b) For goods identified to the lease contract if the lessor is unable after\nreasonable effort to dispose of them at a reasonable price or the circumstances\nreasonably indicate that effort will be unavailing:\n1. Accrued and unpaid rent as of the date of entry of judgment in favor of\nthe lessor;\n2. The present value as of the same date of the rent for the then remaining\nlease term of the lease agreement; and\n3. Any incidental damages allowed under KRS 355.2A -530, less expenses\nsaved in consequence of the lessee's default.\n(2) Except as provided in subsection (3), the lessor shall hold for the lessee for the\nremaining lease term of the lease agreement any goods that have been identified to\nthe lease contract and are in the lessor's control.\n(3) The lessor may dispose of the goods at any time before collection of the judgment\nfor damages obtained pursuant to subsection (1). If the disposition is before the end\nof the remaining lease term of the lease agreement, the lessor's  recovery against the\nlessee for damages is governed by KRS 355.2A -527 or 355.2A -528 and the lessor\nwill cause an appropriate credit to be provided against a judgment for damages to\nthe extent that the amount of the judgment exceeds the recovery available pursuant\nto KRS 355.2A-527 or 355.2A-528.\n(4) Payment of the judgment for damages obtained pursuant to subsection (1) entitles\nthe lessee to the use and possession of the goods not then disposed of for the\nremaining lease term of and in accordance with the lease agreement.\n(5) After default by the lessee under the lease contract of the type described in KRS\n355.2A-523(1) or 355.2A-523(3)(a) or, if agreed, after other default by the lessee, a\nlessor who is held not entitled to rent under this section must nevertheless be\nawarded damages for nonacceptance under KRS 355.2A-527 or 355.2A-528.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33425","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:43Z","sha256":"ef4f5d25f17129ccfafb9b286293d3cf02a24c7cea75ad36a1f12517e64e7519","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.2a-528","next":"us-ky/krs-355.2a-530"},"notice":"GroundRules: Original legal text. Not legal advice."}