How to Syndicate an Apartment Deal in Kansas

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What is the Kansas Rule 506 notice filing?
How do you form the deal LLC in Kansas?
What Kansas landlord and tenant rules should a sponsor know?
What does Kansas charge when an apartment building sells?
How does Kansas property tax work for an apartment building?
Does Kansas tax the deal LLC or its investors?
How DoorRaise fits in
FAQ

To syndicate an apartment deal in Kansas, you form the deal LLC (or register an outside LLC) with the Kansas Secretary of State, raise under Rule 506(b) or 506(c), and file a Form D notice through NASAA's EFD. DoorRaise's state data, from NASAA's fee schedule, lists no Kansas notice fee, though EFD still charges its own system fee per offering. Kansas also has no general real estate transfer tax, which helps closing costs.

This is the Kansas version of our general syndication guide. It covers what changes when the building, the investors or both are in Kansas. It is general information, not legal advice.

What is the Kansas Rule 506 notice filing?

Kansas treats Rule 506 interests as federal covered securities and takes a notice: a copy of the SEC Form D filed through the NASAA Electronic Filing Depository (EFD) for the Office of the Securities Commissioner. DoorRaise's state data, from NASAA's fee schedule, lists the Kansas fee as $0. EFD shows the exact amount before you submit, including its own one-time system fee for the offering, and that amount wins. See blue sky notice filings and blue sky fees by state.

How do you form the deal LLC in Kansas?

A Kansas LLC is formed by filing Articles of Organization with the Kansas Secretary of State, and it files an annual report with a small fee. An LLC formed elsewhere that will own Kansas property registers as a foreign LLC. Confirm the current fees and due date on the Secretary of State's business site before you file. See forming an LLC for a syndication and foreign qualification in the property state.

The Kansas Residential Landlord and Tenant Act (K.S.A. 58-2540 and following) governs most leases. A landlord may not demand a deposit above one month's rent for an unfurnished unit (K.S.A. 58-2550), and the act allows a larger deposit for a furnished unit and a small extra amount for a pet. The landlord returns the deposit, less itemized deductions, within 30 days after the tenancy ends and possession is delivered. Your property manager should use Kansas forms for notices and know that the deposit limit applies per unit, which changes how you budget turn costs.

What does Kansas charge when an apartment building sells?

Kansas does not charge a general real estate transfer tax on a deed. Its mortgage registration fee was phased out (2015 to 2019), and the county charges recording fees instead, so ask your title company for the number and put it in sources and uses.

How does Kansas property tax work for an apartment building?

Kansas appraises property at market value and assesses residential property, which includes apartments, at 11.5% of appraised value. The county applies a local mill levy to that assessed value, and levies differ widely by county and school district. Owners can appeal the valuation to the county, usually within a short window after the notice of value arrives. Underwrite from the county's current levy and your purchase price. See property tax reassessment in apartment underwriting.

Does Kansas tax the deal LLC or its investors?

Kansas taxes income earned in the state, and a partnership may have to withhold for nonresident partners or file a composite return. Ask your CPA early; the investor side is in state tax returns for nonresident syndication investors.

How DoorRaise fits in

DoorRaise helps sponsors raise equity for apartment buildings from their friends and followers under Rule 506(b) or 506(c), and verifies that every investor is accredited before they sign. Investors fund by wire into the deal's escrow account at Enterprise Bank & Trust. By default DoorRaise files the notice in the property's state; on new deals, the first investor from another state pays that state's filing fee by card when they sign, later investors from that state pay nothing, and the sponsor never fronts it. Sponsors pay a $1,500 setup fee (non-refundable) and a flat $5,000 a year administration fee; see pricing or how it works.

FAQ

How much is the Kansas Rule 506 notice fee?

DoorRaise's state data from NASAA's schedule lists $0. EFD shows the final amount, including its own system fee, before you pay.

How much can a Kansas landlord charge as a deposit?

One month's rent for an unfurnished unit.

How fast must a Kansas landlord return a deposit?

Within 30 days after the tenancy ends and possession is delivered.

Does Kansas have a real estate transfer tax?

No. Kansas has no general transfer tax on deeds and no longer charges a mortgage registration fee; county recording fees apply.

Sources

This article is general information as of November 2026, not legal, tax or investment advice. State laws and fees change: confirm with the state agency and your own attorney before you file. DoorRaise is not a law firm, broker-dealer, investment adviser or funding portal.