For the Kentucky state portion, how should a candidate analyze tenant security deposits will be collected?
Correct Answer
C) The agreement must state the amount of, or method for determining, the minimum security deposit for each managed unit
201 KAR 11:121 Section 10 requires security-deposit terms. Source basis: 201 KAR 11:121 Section 10 and KRS 324.111, Kentucky Legislative Research Commission official sources: property management agreements, ledgers, deposit timing, escrow/management accounts, and property-management account records; checked 2026-04-30.
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