Tennessee requires a reserve study for condominiums only. Under Tenn. Code Ann. 66-27-403(g), added by 2023 Public Chapter 205 and effective January 1, 2024, a condominium board that oversees common elements with a total replacement cost above 10,000 dollars must have a reserve study and update it at least every five years. Declarant-controlled boards and condominiums titled to a single owner or to a married couple as tenants by the entirety are exempt.
Last verified October 12, 2026 by ReservePath research.
| Reserve study required | For some associations |
|---|---|
| Applies to | Condominiums |
| How often | Every 5 years |
| Site inspection required | No statewide rule found |
A condominium board that oversees common elements with a total replacement cost above 10,000 dollars must have a reserve study and update it at least every five years. Boards with no study dated on or after January 1, 2020 had to get one by January 1, 2025 [Tenn. Code Ann. 66-27-403(g)]. The rule is part of the Tennessee Condominium Act of 2008, and 66-27-403 is not among the sections that 66-27-202 lists as applying to condominiums created before January 1, 2009. (see sources)
The statute does not expressly require a site visit. It defines a reserve study as one prepared in conformity with the latest Community Associations Institute Reserve Study Standards or similar national standards. (see sources)
We found no statewide rule on this in the statutes listed under Sources.
The board must review the reserve funding each year for adequacy. The public chapter does not set a minimum funding level. (see sources)
The board must make a copy of the reserve study available to all owners by email or by posting it on the community website [Tenn. Code Ann. 66-27-403(g)(3)]. The information given to buyers under Tenn. Code Ann. 66-27-502 must state the amount in the budget as a reserve for repairs and replacements, or that there is none, whether any study has been done to determine its adequacy, and where the study can be reviewed [Tenn. Code Ann. 66-27-503]. (see sources)
The study must be prepared by a reserve specialist credentialed through the Community Associations Institute or a similarly recognized organization, or by a licensed engineer or architect. (see sources)
ReservePath supports full studies, updates with a site visit and updates without one, 30-year funding projections, and study renewal reminders based on the cycle you set for each study. It includes in-app compliance guidance for each state as a starting point. The preparer and the association's attorney remain responsible for confirming what the law requires.
A condominium board that oversees common elements with a total replacement cost above 10,000 dollars must have a reserve study and update it at least every five years. Boards with no study dated on or after January 1, 2020 had to get one by January 1, 2025 [Tenn. Code Ann. 66-27-403(g)]. The rule is part of the Tennessee Condominium Act of 2008, and 66-27-403 is not among the sections that 66-27-202 lists as applying to condominiums created before January 1, 2009.
Every 5 years under the statutes listed on this page. The statute does not expressly require a site visit. It defines a reserve study as one prepared in conformity with the latest Community Associations Institute Reserve Study Standards or similar national standards.
The study must be prepared by a reserve specialist credentialed through the Community Associations Institute or a similarly recognized organization, or by a licensed engineer or architect.
The board must review the reserve funding each year for adequacy. The public chapter does not set a minimum funding level.
The board must make a copy of the reserve study available to all owners by email or by posting it on the community website [Tenn. Code Ann. 66-27-403(g)(3)]. The information given to buyers under Tenn. Code Ann. 66-27-502 must state the amount in the budget as a reserve for repairs and replacements, or that there is none, whether any study has been done to determine its adequacy, and where the study can be reviewed [Tenn. Code Ann. 66-27-503].
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