The rule
- Grace period
- 5 days
- Cap
- 10% of the amount of rent past due
- Grace period
- Five-day grace period counting the due date; if the fifth day is a Sunday or legal holiday, no fee if rent is paid the next business day.
Law: Tenn. Code Ann. § 66-28-201(d)
Last reviewed September 30, 2026
Not legal advice. Statutes change; check the linked section.