{"data":{"id":"us-ky/krs-383.580","jurisdiction":"us-ky","citation":"KRS 383.580","heading":"Security deposits.","body":"(1) All landlords of residential property requiring security deposits prior to occupancy\nshall be required to deposit all tenants' security deposits in an account used only for\nthat purpose, in any bank or other lending institution subject to regulation by the\nCommonwealth of Kentucky or any agency of the United States government.\nProspective tenants shall be informed of the location of the separate account and the\naccount number.\n(2) Prior to tendering any consideration deemed to be a security deposit, the prospective\ntenant shall be presented with a comprehensive listing of any then -existing damage\nto the unit which would be the basis for a charge against the security deposit and the\nestimated dollar cost of repairing such damage. The tenant shall have the rig ht to\ninspect the premises to ascertain the accuracy of such listing prior to taking\noccupancy. The landlord and the tenant shall sign the listing, which signatures shall\nbe conclusive evidence of the accuracy of such listing, but shall not be construed to\nbe conclusive to latent defects. If the tenant shall refuse to sign such listing, he shall\nstate specifically in writing the items on the list to which he dissents, and shall sign\nsuch statement of dissent.\n(3) At the termination of occupancy, the landlor d shall inspect the premises and\ncompile a comprehensive listing of any damage to the unit which is the basis for\nany charge against the security deposit and the estimated dollar cost of repairing\nsuch damage. The tenant shall then have the right to inspec t the premises to\nascertain the accuracy of such listing. The landlord and the tenant shall sign the\nlisting, which signatures shall be conclusive evidence of the accuracy of such\nlisting. If the tenant shall refuse to sign such listing, he shall state spe cifically in\nwriting the items on the list to which he dissents, and shall sign such statement of\ndissent.\n(4) No landlord shall be entitled to retain any portion of a security deposit if the\nsecurity deposit was not deposited in a separate account as requ ired by subsection\n(1) of this section and if the initial and final damage listings required by subsections\n(2) and (3) of this section are not provided.\n(5) A tenant who disputes the accuracy of the final damage listing given pursuant to\nsubsection (3) of  this section may bring an action in District Court. Tenant's claim\nshall be limited to those items from which the tenant specifically dissented in\naccordance with the provisions of subsection (3) of this section, or except as\notherwise provided, and if th e tenant shall fail to sign the listing or specifically\ndissent in accordance with subsection (3) of this section, the tenant shall not be\nentitled to recover any damages under this section.\n(6) In the event a tenant leaves not paying his last month's rent  and does not demand a\nreturn of his deposit, the landlord may, after thirty (30) days, remove the deposit\nfrom the account and apply any such excess to the debt owing.\n(7) In the event the tenant leaves not owing rent and having any refund due, the\nlandlord shall send notification to the last known or reasonably determinable\naddress, of the amount of any refund due the tenant. In the event the landlord shall\nnot have received a response from the tenant within sixty (60) days from the\nsending of such notifi cation, the landlord may remove the deposit from the account\nand retain it free from any claim of the tenant or any person claiming in his behalf.","path":["KRS Chapter 383"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35733","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:14Z","sha256":"375d2ac9e6c9aae236c8010264c123da95f1681c30a73260fc12ac51bc3e72d6","source_id":"us-ky","stale":false,"prev":"us-ky/krs-383.575","next":"us-ky/krs-383.585"},"notice":"GroundRules: Original legal text. Not legal advice."}