26-2-303 - Leasehold estates.
26-2-303. Leasehold estates.
The provisions of § 26-2-301 shall apply to leasehold real property which is possessed and used by an individual, an individual's spouse, or an individual's dependent, as a principal place of residence, provided such leasehold estate is for more than two (2) and not exceeding fifteen (15) years. The homestead exemption upon leasehold estates shall not be exempt from execution or attachment for rent due thereon.
[Acts 1866-1867, ch. 36, §§ 1, 2; Shan., §§ 3802, 3803; Code 1932, §§ 7723, 7724; Acts 1979, ch. 61, § 3; T.C.A., § 26-304.]