diff --git a/homeassistant/components/template/fan.py b/homeassistant/components/template/fan.py
index 7289eeb72e6..f39d49fa9fd 100644
--- a/homeassistant/components/template/fan.py
+++ b/homeassistant/components/template/fan.py
@@ -18,6 +18,7 @@ from homeassistant.components.fan import (
     SPEED_OFF,
     SUPPORT_DIRECTION,
     SUPPORT_OSCILLATE,
+    SUPPORT_PRESET_MODE,
     SUPPORT_SET_SPEED,
     FanEntity,
     preset_modes_from_speed_list,
@@ -250,12 +251,10 @@ class TemplateFan(TemplateEntity, FanEntity):
         self._oscillating = None
         self._direction = None
 
-        if (
-            self._speed_template
-            or self._percentage_template
-            or self._preset_mode_template
-        ):
+        if self._speed_template or self._percentage_template:
             self._supported_features |= SUPPORT_SET_SPEED
+        if self._preset_mode_template and preset_modes:
+            self._supported_features |= SUPPORT_PRESET_MODE
         if self._oscillating_template:
             self._supported_features |= SUPPORT_OSCILLATE
         if self._direction_template:
diff --git a/tests/components/template/test_fan.py b/tests/components/template/test_fan.py
index 91910a11e1f..2beb2e6fd2d 100644
--- a/tests/components/template/test_fan.py
+++ b/tests/components/template/test_fan.py
@@ -16,6 +16,8 @@ from homeassistant.components.fan import (
     SPEED_LOW,
     SPEED_MEDIUM,
     SPEED_OFF,
+    SUPPORT_PRESET_MODE,
+    SUPPORT_SET_SPEED,
 )
 from homeassistant.const import STATE_OFF, STATE_ON, STATE_UNAVAILABLE
 
@@ -234,8 +236,8 @@ async def test_templates_with_entities(hass, start_ha):
             [
                 ("0", None, None, None),
                 ("invalid", None, None, None),
-                ("auto", None, "auto", "auto"),
-                ("smart", None, "smart", "smart"),
+                ("auto", None, None, "auto"),
+                ("smart", None, None, "smart"),
                 ("invalid", None, None, None),
             ],
         ),
@@ -869,6 +871,7 @@ async def test_implemented_percentage(hass, speed_count, percentage_step):
     state = hass.states.get("fan.mechanical_ventilation")
     attributes = state.attributes
     assert attributes["percentage_step"] == percentage_step
+    assert attributes.get("supported_features") or SUPPORT_SET_SPEED
 
 
 @pytest.mark.parametrize("count,domain", [(1, DOMAIN)])
@@ -935,7 +938,8 @@ async def test_implemented_preset_mode(hass, start_ha):
 
     state = hass.states.get("fan.mechanical_ventilation")
     attributes = state.attributes
-    assert attributes["percentage"] is None
+    assert attributes.get("percentage") is None
+    assert attributes.get("supported_features") or SUPPORT_PRESET_MODE
 
 
 @pytest.mark.parametrize("count,domain", [(1, DOMAIN)])