House Bill 105, sponsored by Thompson, amends the Tennessee Code Annotated regarding the Uniform Residential Landlord and Tenant Act. The bill specifically modifies the monetary amounts associated with certain penalties or fees outlined in Section 66-28-107. It increases the maximum allowable fee from ten dollars ($10.00) to two hundred fifty dollars ($250) in subsection (a)(2) and raises the fee from fifty dollars ($50.00) to one hundred dollars ($100) in subsection (b)(1).

The changes aim to update the financial penalties to better reflect current economic conditions and provide landlords with a more effective means of addressing tenant violations. The act is set to take effect on July 1, 2023, ensuring that the adjustments are implemented in a timely manner for the benefit of both landlords and tenants in Tennessee.

Statutes affected:
Introduced: 66-28-107(a)(2), 66-28-107, 66-28-107(b)(1)