What must be included in a property management agreement in Kentucky?

In Kentucky, a property management agreement must include the agent's fee structure to clearly outline how the property manager will be compensated for their services. This is crucial for establishing transparency and ensures that both the property owner and the management agent are on the same page regarding financial expectations. Detailing the fee structure not only helps in avoiding misunderstandings but also aligns with best practices in property management by enabling owners to understand the costs associated with management services, including any potential fees for tenant placement, maintenance, and other related services.

Including this information helps safeguard the interests of both parties and forms an essential part of the contractual agreement. The other options do not align with the standard requirements for a property management agreement. For instance, while bank details and tenant information could be necessary for operational purposes, they are not fundamental components required within the property management agreement itself. Similarly, while a timeline for property repairs may be beneficial for operational management, it is not required by law to be included in the contract.