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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

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KRS 383.580

KRS 383.580 Kentucky state

383.580 Security deposits. (1) All landlords of residential property requiring security deposits prior to occupancy shall be required to deposit all tenants' security deposits in an account used only for that purpose, in any bank or other lending institution...

KRS 383.545

KRS 383.545 Kentucky state

...c) In a building in which the landlord resides. (13) "Security deposit" means an escrow payment made to the landlord under the rental agreement for the purpose of securing the landlord against financial loss due to damage to the premises...

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934)

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934) Kentucky state

...This security for its performance was in its amount practically one-third of the price paid lessee for the lot,, and not only was the lessee required to deposit with the trustee such an amount of security for the performance...

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934)

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934) Kentucky state

Thereupon the lessee at once exercised its right, provided for in clause 7 of the lease, to use the sale proceeds of the deposited securities for the erection of buildings upon the leased premises, subject to the trustee’s approval...

McKnight v. Broadway & Fourth Avenue Realty Co., 273 S.W. 32 (1925)

McKnight v. Broadway & Fourth Avenue Realty Co., 273 S.W. 32 (1925) Kentucky state

...insurance derived therefrom, to secure the payment of rentals, and are also given a lien upon the deposit of securities “to secure the payment of all rents due, or to become due, and to secure the performance of all the...

True v. Fath Bluegrass Manor Apartment, 358 S.W.3d 23 (2011)

True v. Fath Bluegrass Manor Apartment, 358 S.W.3d 23 (2011) Kentucky state

The parties acknowledged that the primary purpose of the checklist was for the tenant to note any damage to the apartment so the tenant’s security deposit would not be debited for items noted when the apartment is vacated. In...

Cline v. Allis-Chalmers Corp., 690 S.W.2d 764 (1985)

Cline v. Allis-Chalmers Corp., 690 S.W.2d 764 (1985) Kentucky state

Cline v. Allis-Chalmers Corp. 690 S.W.2d 764 Date filed: 1985-05-24 Doctrine: security_deposit Source: https://www.courtlistener.com/opinion/1782395/cline-v-allis-chalmers-corp/ --- 010combined by Howard --- HOWARD, Judge.

True v. Fath Bluegrass Manor Apartment, 358 S.W.3d 23 (2011)

True v. Fath Bluegrass Manor Apartment, 358 S.W.3d 23 (2011) Kentucky state

True v. Fath Bluegrass Manor Apartment 358 S.W.3d 23 Date filed: 2011-12-22 Doctrine: security_deposit Source: https://www.courtlistener.com/opinion/5281448/true-v-fath-bluegrass-manor-apartment/ --- 020lead by Thompson --- OPINION

Moore v. Ford Motor Credit Co., 778 S.W.2d 657 (1989)

Moore v. Ford Motor Credit Co., 778 S.W.2d 657 (1989) Kentucky state

Moore v. Ford Motor Credit Co. 778 S.W.2d 657 Date filed: 1989-10-20 Doctrine: security_deposit Source: https://www.courtlistener.com/opinion/2465628/moore-v-ford-motor-credit-co/ --- 010combined by McDONALD --- McDONALD, Judge.

Commonwealth ex rel. Stephens v. Isaacs, 577 S.W.2d 617 (1979)

Commonwealth ex rel. Stephens v. Isaacs, 577 S.W.2d 617 (1979) Kentucky state

The complaint further sought injunctive relief to prevent appellees from failing to return security deposits to residents who vacate appellees’ premises, and a civil penalty against appellees for violation of KRS 367.170, the Kentucky Consumer Protection Act.

Francis Co. v. Lincoln Federal Building & Loan Ass'n, 445 S.W.2d 153 (1969)

Francis Co. v. Lincoln Federal Building & Loan Ass'n, 445 S.W.2d 153 (1969) Kentucky state

Some days after the sale, Lincoln discovered that Francis had received from Roni Corporation, one of its tenants, $7,500 as a security deposit under Francis’ lease to Roni. Lincoln demanded it be given credit by Francis for the amount...

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934)

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934) Kentucky state

...his protection in securing the performance of the lease, or its •equivalent in value, upon his requirement that there ¡should be not less than $250,000 deposited with the trustee to guarantee its performance. Such security given .'him therefor, under...

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934)

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934) Kentucky state

Clause 9 of the lease provided that, in case the improvements on the leased property should be damaged or destroyed by any casualty not covered by insurance, the tenant would be required to deposit with the trustee additional securities of...

Francis Co. v. Lincoln Federal Building & Loan Ass'n, 445 S.W.2d 153 (1969)

Francis Co. v. Lincoln Federal Building & Loan Ass'n, 445 S.W.2d 153 (1969) Kentucky state

Francis Co. v. Lincoln Federal Building & Loan Ass'n 445 S.W.2d 153 Date filed: 1969-06-13 Doctrine: security_deposit Source: https://www.courtlistener.com/opinion/5211282/francis-co-v-lincoln-federal-building-loan-assn/ --- 020lead by Hill ---

O'Rourke v. Lexington Real Estate Co., 365 S.W.3d 584 (2011)

O'Rourke v. Lexington Real Estate Co., 365 S.W.3d 584 (2011) Kentucky state

...Although O’Rourke had deposited $1,250 as a security deposit against damages, in this action the trial court *586awarded Lexington Real Estate $2,735.08 in costs of repair to the property and $2,950 in late fees and...

Cline v. Allis-Chalmers Corp., 690 S.W.2d 764 (1985)

Cline v. Allis-Chalmers Corp., 690 S.W.2d 764 (1985) Kentucky state

...The appellant signed both documents as well as a security deposit agreement. The appellant needed a special piece of equipment called a bean head for which Crabtree Equipment had difficulty in obtaining the necessary parts. The com *766

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934)

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934) Kentucky state

It is easily to be conceived that, without this pro-' vision in the lease, requiring of any and all tenants,' whether the lessee or later assignees, a deposit of $250,-000 of securities forfeitable to the landlord as liquidated damages...

Cline v. Allis-Chalmers Corp., 690 S.W.2d 764 (1985)

Cline v. Allis-Chalmers Corp., 690 S.W.2d 764 (1985) Kentucky state

In the complaint, appellant seeks recision of the lease, damages, costs, return of his trade-in and return of his security deposit. It is unclear whether the allegations of fraud are the basis of the prayer for recision or the...