State profile
Tennessee
We have not completed our statutory review of Tennessee yet. Whether or not Tennessee law addresses reserves, your governing documents, your lender's requirements, and your fiduciary duty still apply — and most reserve specialists recommend a study every three to five years regardless.
Update every
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Site visit
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Applies to
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What your board must do
01Check your CC&Rs and bylaws for a reserve requirement — many governing documents impose one even where the state does not.
02Ask your lender or insurer whether they require a current reserve study.
Statutory review pending · Not legal advice