Good Thunder, MN Security Deposit Laws 2026
Minnesota limits security deposits to 2 month's rent. In Good Thunder, that's $2,342 at the median 2BR rent of $1,171/month. Miss the 21-day return deadline and you could owe $2,342+.
In Minnesota, landlords must return security deposits within 21 days after move-out. The maximum deposit is 2 month's rent. Failure to return on time or provide an itemized statement can result in penalties of $2,342 or more.
Key Takeaways — Good Thunder Security Deposit Laws
- Maximum deposit: 2 month's rent = $2,342 at Good Thunder's median rent
- Return deadline: 21 days after tenant moves out
- Penalty for late return: Up to 2x the deposit ($2,342)
- Itemized statement: Required with any deductions
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Security Deposit Laws in Good Thunder
Under Minnesota law, landlords in Good Thunder may collect a maximum security deposit of 2 month's rent. At Good Thunder's median 2-bedroom rent of $1,171/month, that means the most you can legally collect is $2,342.
$2,342
max deposit (2mo × $1,171)
21 days
return deadline
$2,342
max penalty for late return
Returning the Deposit: The 21-Day Clock
Once a tenant moves out of your Good Thunder rental, Minnesota law gives you exactly 21 days to either return the full deposit or provide an itemized statement of deductions. The clock starts on the day the tenant surrenders possession — not when you inspect the unit.
LeaseBase tracks this 21-day deadline automatically for each of your Good Thunder properties.
Start free →What you can deduct from a security deposit in Good Thunder:
- Unpaid rent
- Damage beyond normal wear and tear
- Cleaning costs to restore the unit to move-in condition
- Costs for restoring or replacing personal property (if lease allows)
What you cannot deduct:
- Normal wear and tear (minor scuffs, carpet wear, faded paint)
- Pre-existing damage (document with photos at move-in)
- Professional cleaning if the tenant left the unit in reasonable condition
Penalty Warning
Violate Minnesota security deposit laws rules in Good Thunder and you could owe $2,342+. At Good Thunder's median rent of $1,171/month, even a single violation adds up fast.
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LeaseBase calculates deposit limits and tracks return deadlines for each property — so you never trigger penalties.
Start free →How Good Thunder Rents Affect Deposit Amounts
Deposit amounts scale with local rents. Here's what Good Thunder landlords typically collect:
| Unit Size | Median Rent (Good Thunder) | Max Deposit (2mo) | Penalty Risk |
|---|---|---|---|
| Studio | $971/mo | $1,942 | $3,884 |
| 1-Bedroom | $977/mo | $1,954 | $3,908 |
| 2-Bedroom | $1,171/mo | $2,342 | $4,684 |
| 3-Bedroom | $1,629/mo | $3,258 | $6,516 |
Rents based on HUD Fair Market Rents (FY2026) for Blue Earth County.
Calculate Your Limits
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More Good Thunder Landlord Laws
Security Deposit Laws in Nearby Cities
Own properties in multiple cities? Rules may differ locally:
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Never miss a security deposit laws deadline in Good Thunder
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Not ready to start? Get the free Security Deposit Laws checklist for Minnesota 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.
