Tennessee Security deposit limit

Related Tennessee rules

Deposit return deadline

Deposits must be kept in a separate escrow account at a regulated bank, and tenants must be told where it is at lease signing. Move-out damage must be listed (with a mutual inspection if the tenant requests one) or the landlord cannot keep any of the deposit. If a refund is due, the landlord must notify the tenant. A refund unclaimed after 60 days may be kept. The statute sets no fixed return deadline. (Applies in counties covered by the URLTA, those with more than 75,000 people.)

Verified Source: Tenn. Code Ann. § 66-28-301(a)–(c), (f), (h) · last checked 2026-10-15 · Full Tennessee deposit return deadline page

Interest on deposits

No interest is required. Deposits must be held in an account used only for deposits at a regulated bank or lender, and tenants must be told the account location (not the number) at signing. (Applies in counties covered by the URLTA, those with more than 75,000 people.)

Verified Source: Tenn. Code Ann. § 66-28-301(a), (h) · last checked 2026-10-15 · Full Tennessee interest on deposits page

Move-in/move-out checklist

No move-in inspection is required. At move-out, a tenant may request a mutual inspection on the vacate date or within 4 days, and both parties sign a damage list. Without a damage list and an escrow account, the landlord cannot keep any of the deposit. (Applies in counties covered by the URLTA, those with more than 75,000 people.)

Verified Source: Tenn. Code Ann. § 66-28-301(b)–(c) · last checked 2026-10-15 · Full Tennessee move-in/move-out checklist page