The rule
- Deposit limit
- No limit
- Return deadline
- No fixed deadline
- Interest owed
- Not required
- Itemized deductions
- Required
- The limit
- No statutory limit. Deposits must be kept in a separate account at a regulated institution, and the tenant must be told where.
- The deadline
- No fixed return deadline. The landlord must mail notice of any refund due; if the tenant does not respond within 60 days, the landlord may keep it. Damage charges must be discovered within 30 days of move-out (or 7 days after a new tenant moves in, if sooner).
- Interest
- State law doesn’t require interest on the deposit.
- Deductions
- The landlord must give you an itemized list of anything kept from the deposit.
- If it isn’t returned
- No statutory penalty multiplier.
Law: Tenn. Code Ann. § 66-28-301
Last reviewed September 30, 2026
Not legal advice. Statutes change; check the linked section.