Tennessee Deposit Interest Rules
no interest requiredTennessee has no statewide requirement that landlords pay interest on security deposits (14 of 51 US jurisdictions do). Your lease may still promise interest — if it does, that promise is enforceable.
Educational information: generated from our Tennessee law database (last updated 2024-01-01). Not legal advice.
How Tennessee compares
14 of 51 US jurisdictions require landlords to pay interest on security deposits. Here is how Tennessee compares with other states in our database.
Frequently asked questions
- Do landlords have to pay interest on security deposits in Tennessee?
- No statewide statute requires it in Tennessee, though local ordinances or your lease can add the obligation. No statutory limit on deposit amount. Must be held in separate account at Tennessee bank. Landlord must disclose bank name/address at lease signing. Return within 30 days (7 days if new tenant moves in). Unclaimed deposits: landlord may keep after 60 days if tenant does not respond.
- How large can the deposit itself be in Tennessee?
- Tennessee sets no statewide statutory maximum on the deposit amount — it is negotiated in the lease.
- When do I get my security deposit back in Tennessee?
- Generally within 30 days after move-out.
Check Your Lease Against Tennessee Law
Not sure whether your lease complies with Tennessee law? Upload it and our analyzer flags problem clauses — deposit terms, entry rights, fees and prohibited provisions — using the same statute-backed database this page is generated from.
Analyze My Lease FreeEducational tool — not legal advice. First analysis is free, no signup required.
More Tennessee lease law guides
Educational information generated from state statute data — not legal advice. Consult a licensed attorney in Tennessee for your specific situation.