Tennessee Condo Reserves Under TCA Title 66 Chapter 27

Tennessee Condo Reserves Under TCA Title 66 Chapter 27

Tennessee governs condos through the Condominium Act at Tennessee Code Annotated Title 66 Chapter 27 Part 2. HOA specific legislation outside the condo framework is limited, and most planned communities rely on common law and governing documents. The Tennessee Real Estate Commission licenses community managers, and the Tennessee Attorney General consumer protection division handles complaints.

What TCA Title 66 Chapter 27 actually requires

TCA Title 66 Chapter 27 Part 2 sets the condominium framework. Reserve obligations live in the master deed and bylaws. The Condominium Act requires basic financial disclosure but does not impose a state level reserve study cadence.

What good Tennessee practice looks like

Four practices distinguish Tennessee boards.

First, commission a reserve study every 5 years.

Second, document reserve decisions in minutes that survive a records request.

Third, separate operating and replacement reserves at the bank.

Fourth, follow CAI Tennessee chapter bulletins.

Recent Tennessee developments

The Tennessee General Assembly has considered HOA reform bills in recent sessions. None has introduced a state level reserve study mandate. CAI Tennessee publishes session recaps.

What your board should do this quarter

Take three actions.

1. If your last reserve study is older than 5 years, contract a new one.
2. Confirm operating and reserve accounts are separate.
3. Read the latest CAI Tennessee chapter recap.

This is general information for board members, not legal advice. Consult your attorney for your specific situation.

How Manorway helps

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