Basic Lease Agreement in Tn
If you are a landlord or a tenant in Tennessee, it is important to have a basic understanding of the state`s lease agreement laws before entering into a rental agreement. A lease agreement is a contract between the landlord and tenant that outlines the terms of the rental agreement, including rent, security deposits, maintenance responsibilities, and more.
Here are the basics of a lease agreement in Tennessee:
1. Required Disclosures:
Tennessee law requires landlords to disclose certain information to their tenants in writing. This information includes the name and address of the landlord or property manager, the amount of the security deposit, and the conditions for the retention of the deposit. Additionally, landlords must inform tenants of any known hazards on the premises, such as lead paint or asbestos.
2. Rent and Security Deposits:
Under Tennessee law, landlords can charge any amount for rent, but the security deposit is limited to two months’ rent. Landlords must return the security deposit within 30 days of the tenant moving out, or within 60 days if the landlord deducts any amounts for damages.
3. Maintenance and Repairs:
Landlords in Tennessee are required to maintain their properties in a safe and habitable condition, including providing necessary repairs, heating, and hot water. Tenants are responsible for keeping their rental unit clean and not damaging the property beyond normal wear and tear.
4. Termination and Eviction:
A lease agreement in Tennessee can be terminated by either the landlord or the tenant, depending on the terms of the lease. Landlords must provide a written notice to tenants before terminating the lease, and tenants must provide written notice before moving out. In cases where a tenant breaches the terms of the lease, landlords can initiate eviction proceedings through the court system.
In summary, a lease agreement in Tennessee should include all the necessary information regarding rent, security deposits, maintenance, and termination. It is essential to understand the state`s laws and requirements to ensure a smooth and successful tenancy for both landlords and tenants.