Tennessee Security Deposit Limit

How Tennessee compares

30 of 51 US jurisdictions cap security deposits by statute; the other 21 set no statewide cap (local caps can still apply in some cities). Here is how Tennessee compares with other states in our database.

Frequently asked questions

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

Tennessee sets no statewide statutory maximum on security deposits, so the amount is negotiated in the lease. Tennessee is one of 21 US jurisdictions without a statewide deposit cap. 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.

Does Tennessee require landlords to pay interest on security deposits?

No. Tennessee does not have a statewide requirement that landlords pay interest on security deposits.

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

Tennessee landlords generally must return the deposit within 30 days after move-out.