The state of Tennessee, just like other states, has pretty straightforward security deposit laws. These laws define important things, such as where a landlord stores the deposit, reasons to keep a tenant’s deposit, when to return it after a tenant moves out, and more.
As a landlord, it’s your responsibility to ensure your actions align with the provisions of the law when handling a tenant’s security deposit.
Here are answers to common questions regarding security deposits in Tennessee:
Question #1: Is there a security deposit limit in Tennessee?
Some states limit how much a landlord can charge their tenants as a security deposit. This is, however, not the case in Tennessee. As a landlord, you’re free to charge any reasonable amount.…