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2018 Tennessee Code
Title 66 - Property
Chapter 37 - Prohibition of Covenants Providing for Transfer Fees Act of 2011
§ 66-37-103. Legislative findings.
Universal Citation: TN Code § 66-37-103 (2018)
- The general assembly makes the following findings:
(1) The public policy of this state favors the transferability of interests in real property free from unreasonable restraints on alienation and covenants or servitudes that do not touch and concern the property; and
(2) A transfer fee covenant violates this public policy by impairing the marketability of title to the affected real property and constitutes an unreasonable restraint on alienation, regardless of the duration of the covenant or the amount of the transfer fee set forth in the covenant.
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