Skip to main content
Last updated: April 2026Researched by DepositHawk Research Team

Tennessee Does Not Require Deposit Interest

Tennessee landlords are not required to pay interest on your security deposit. But that does not mean they can do whatever they want with it.

Tennessee does not require landlords to pay interest on security deposits. However, landlords must return the deposit within 30 days of move-out under Tenn. Code Ann. § 66-28-301.

Tenn. Code Ann. § 66-28-301

Your Rights

What Your Tennessee Landlord Does Owe You

Interest or not, Tennessee law gives you real protections on your security deposit:

  • 30-day return deadline. Your landlord has 30 days after you move out to return your deposit or provide an accounting of deductions.
  • Itemized statement required. Your landlord cannot just keep part of your deposit — they must provide a written, itemized list of every deduction and its amount within 30 days.
  • Penalties for violations. If your landlord misses the deadline or makes illegal deductions, Tennessee courts can award you up to 2x the wrongfully withheld amount.

Tennessee landlords must return security deposits within 30 days of move-out under Tenn. Code Ann. § 66-28-301. Violations can result in up to 2x the wrongfully withheld amount.

Tenn. Code Ann. § 66-28-301

Full State Law

Tennessee Security Deposit Law — Full Breakdown

Return deadlines, allowed deductions, penalty multipliers, small claims limits — everything you need to know about Tennessee deposit law is on one page. Read the full Tennessee security deposit law breakdown.

Frequently Asked Questions

Frequently Asked Questions

Does Tennessee require landlords to pay interest on security deposits?

No. Tennessee does not require landlords to pay interest on security deposits. However, your landlord must still return your deposit within 30 days of move-out under Tenn. Code Ann. § 66-28-301.

What is my landlord required to do with my deposit in Tennessee?

Your Tennessee landlord must return your deposit within 30 days after you move out. They must provide an itemized statement listing any deductions. Failure to comply can result in penalties.

What happens if my Tennessee landlord keeps my deposit?

If your landlord fails to return your deposit within 30 days, you can sue in small claims court for up to 2x the wrongfully withheld amount. Tennessee small claims courts handle cases up to $25,000.

DepositHawk protects renters’ money. See what we do.

DepositHawk is not a law firm and does not provide legal advice. Information and documents are for informational purposes only. No attorney-client relationship is created. Consult a licensed attorney for advice specific to your situation.