What must property managers do when handling tenant security deposits according to Kentucky law?

Under Kentucky law, property managers are required to comply with specific regulations regarding the retention of tenant security deposits. This means that there are established guidelines dictating how long a security deposit can be held, conditions under which it can be withheld for damages, and the timeline in which it must be returned to the tenant if no deductions are necessary.

These regulations ensure that tenants are protected and that their deposits are handled fairly, establishing a clear process for both the return and potential deduction from the deposit. Property managers must maintain accurate records and provide tenants with an itemized list of any damages or claims against their deposit.

This focus on compliance is key to maintaining a professional and legal standard within property management, as failing to follow these regulations can lead to disputes and possible legal consequences.