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Last updated: Not yet verifiedResearched 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. Tennessee sets no statewide deadline for returning a deposit (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:

  • A return deadline. Tennessee sets no statewide deadline for returning a deposit (Tenn. Code Ann. § 66-28-301).
  • 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.

•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.

More Tennessee Guides

Tenant Rights→Lease Red Flags→Rent Increase Laws→Utility Billing→Early Termination→Small Claims Guide→Rental Fees→Rent Payment Proof→Application Fees→Roommate Rights→Move-In Checklist→Move-Out Checklist→State Deposit Laws→Deposit Return Deadlines→How to Get Your Deposit Back→

●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. Tennessee sets no statewide deadline for returning a deposit (Tenn. Code Ann. § 66-28-301).

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

Tennessee sets no statewide deadline for returning a deposit (Tenn. Code Ann. § 66-28-301). Your landlord must provide an itemized statement listing any deductions.

What happens if my Tennessee landlord keeps my deposit?

You can sue in small claims court. In Tennessee, small claims court hears claims up to $25,000.

See what your state’s law says your landlord owes you. Check my rights & generate my letter — $19.

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.