Deposit rules / Tennessee

Tennessee security deposit rules

Tennessee sets no statutory limit on the size of a security deposit. The deposit must be returned no fixed statutory deadline: the landlord must notify the tenant at the last known address of any refund due; if the tenant does not respond within 60 days the landlord may keep the deposit. Damage claims must be identified within 30 days after the tenant vacates or 7 days after a new tenant moves in, whichever is earlier., with an itemised list of any deductions. No interest is owed on the deposit under state law.

Maximum deposit
No limit
No statutory limit
Return deadline
See statute
No fixed statutory deadline: the landlord must notify the tenant at the last known address of any refund due; if the tenant does not respond within 60 days the landlord may keep the deposit. Damage claims must be identified within 30 days after the tenant vacates or 7 days after a new tenant moves in, whichever is earlier.
Interest
Not required
Statute

What the law requires

Tenn. Code § 66-28-301

No statutory limit. Returned No fixed statutory deadline: the landlord must notify the tenant at the last known address of any refund due; if the tenant does not respond within 60 days the landlord may keep the deposit. Damage claims must be identified within 30 days after the tenant vacates or 7 days after a new tenant moves in, whichever is earlier.. The URLTA (Tenn. Code ch. 66-28) applies only in counties with population over 75,000; elsewhere common law and the lease govern. Deposits must be kept in a dedicated account and the tenant told its location. Statute text read from Casetext (2024 Wayback copy) because Justia and the official Lexis site were unreachable.

Move-out checklist

Related Tennessee rules

Frequently asked questions

How much can a landlord charge for a security deposit in Tennessee?

There is no statutory cap in Tennessee; the market and the lease decide. The URLTA (Tenn. Code ch. 66-28) applies only in counties with population over 75,000; elsewhere common law and the lease govern. Deposits must be kept in a dedicated account and the tenant told its location. Statute text read from Casetext (2024 Wayback copy) because Justia and the official Lexis site were unreachable.

How long does a landlord have to return a security deposit in Tennessee?

No fixed statutory deadline: the landlord must notify the tenant at the last known address of any refund due; if the tenant does not respond within 60 days the landlord may keep the deposit. Damage claims must be identified within 30 days after the tenant vacates or 7 days after a new tenant moves in, whichever is earlier.. The statute is Tenn. Code § 66-28-301.

Does a Tennessee landlord have to pay interest on the security deposit?

No. Tennessee law does not require interest on residential security deposits.

Deposit rules in other states