What are the laws governing the return of a security deposit after a tenant moves out?

In Tennessee, the landlord’s responsibility is to protect the tenant’s security deposit. According to state law, the landlord has to return the deposit to their tenant(s) within 30 days of the lease ending. This may mean that the tenant moved out or that the lease was terminated. The landlord must also provide a written explanation of why any portion of the security deposit was kept. This explanation must include the actual dollar amount deducted and the reason for the deduction. If the landlord fails to do this, the tenant may be entitled to the full amount of the deposit plus civil penalties. Before returning the security deposit, the landlord should inspect the rental unit and take inventory of what needs to be repaired, replaced, or cleaned. Any damages that exceeds normal wear and tear will be deducted from the security deposit. If the tenant disputes the landlord’s deductions, they should document any repairs they made before moving out. Tennessee law also requires landlords to make sure that any interest from tenant’s security deposits is placed in an escrow account. This money should be given to the tenant when the lease ends, minus any legal deductions or amounts owed to the landlord. Ultimately, it is important for both landlords and tenants to understand their rights. They should both try to resolve any disputes in an amiable manner and follow the laws governing security deposits in Tennessee.

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What are the laws governing the return of a security deposit after a tenant moves out?

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