Tracy City, TN Late Fee Limits 2026
Late fees in Tracy City are capped at 10% of rent ($92 at median rent). Charge more and tenants sue to recover — courts void excessive fees regardless of what the lease says.
In Tennessee, late fees must be reasonable and proportional to actual damages from late payment. The cap is 10% of rent. A 5-day grace period applies.
This applies to properties in Tracy City, TN. Check all requirements for your property →
Key Takeaways — Tracy City Late Fee Limits
- Key rule: 10% Max or Tenants Sue
- Violation risk: face a lawsuit
Late Fee Limits in Tracy City
Tracy City landlords must follow Tennessee state law on late fee limits. Understanding the specific rules, deadlines, and penalties can prevent costly violations.
$925
median 2BR rent
10% Max or Tenants Sue
key requirement
Penalty Warning
Violate Tennessee late fee limits rules in Tracy City and you could face a lawsuit. At Tracy City's median rent of $925/month, even a single violation adds up fast.
Tracy City Rental Market Context
Tracy City is the 207th-largest city in Tennessee (population 1,435). With a median 2-bedroom rent of $925/month, it falls in the budget range for Tennessee rental costs — 5% below the state median of $975/month.
How Tracy City Compares in Grundy County
Tracy City ranks #1 of 6 cities in Grundy County by population. Because late fee limits rules are often tied to rent amounts, costs vary across the county.
| City | Population | Median Rent | Late Fee Limit |
|---|---|---|---|
| Tracy City | 1,435 | $925/mo | $92 max |
| Monteagle | 1,403 | $925/mo | $92 max |
| Altamont | 1,152 | $925/mo | $92 max |
| Coalmont | 811 | $925/mo | $92 max |
| Palmer | 570 | $925/mo | $92 max |
| Beersheba Springs | 451 | $925/mo | $92 max |
Rents based on HUD Fair Market Rents (FY2026) for Grundy County, Tennessee. All cities follow Tennessee state law unless a local ordinance applies.
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Late Fee Limits by Unit Size in Tracy City
Late fee caps scale with rent. Here's the maximum by unit type:
| Unit Size | Median Rent | Max Late Fee (10%) |
|---|---|---|
| Studio | $724/mo | $72 |
| 1-Bedroom | $844/mo | $84 |
| 2-Bedroom | $925/mo | $92 |
| 3-Bedroom | $1,162/mo | $116 |
Rents based on HUD Fair Market Rents (FY2026) for Grundy County.
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More Tracy City Landlord Laws
Late Fee Limits in Nearby Cities
Own properties in multiple cities? Rules may differ locally:
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Not ready to start? Get the free Late Fee Limits checklist for Tennessee landlords.
Download Free ChecklistReviewed by Rachid Abadli
Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019
LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.
