Odessa, MN Late Fee Limits 2026
Late fees in Odessa are capped at 8% of rent ($77 at median rent). Charge more and tenants sue to recover — courts void excessive fees regardless of what the lease says.
In Minnesota, late fees must be reasonable and proportional to actual damages from late payment. The cap is 8% of rent. Grace periods are typically set by the lease.
This applies to properties in Odessa, MN. Check all requirements for your property →
Key Takeaways — Odessa Late Fee Limits
- Key rule: 8% Max or Tenants Sue
- Violation risk: face a lawsuit
Late Fee Limits in Odessa
Odessa landlords must follow Minnesota state law on late fee limits. Understanding the specific rules, deadlines, and penalties can prevent costly violations.
$973
median 2BR rent
8% Max or Tenants Sue
key requirement
Penalty Warning
Violate Minnesota late fee limits rules in Odessa and you could face a lawsuit. At Odessa's median rent of $973/month, even a single violation adds up fast.
Odessa Rental Market Context
Odessa is the 752nd-largest city in Minnesota (population 104). With a median 2-bedroom rent of $973/month, it falls in the budget range for Minnesota rental costs — 3% below the state median of $999/month.
How Odessa Compares in Big Stone County
Odessa ranks #5 of 7 cities in Big Stone 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 |
|---|---|---|---|
| Ortonville | 1,984 | $973/mo | $77 max |
| Graceville | 520 | $973/mo | $77 max |
| Clinton | 376 | $973/mo | $77 max |
| Beardsley | 210 | $973/mo | $77 max |
| Odessa | 104 | $973/mo | $77 max |
| Correll | 27 | $973/mo | $77 max |
| Barry | 15 | $973/mo | $77 max |
Rents based on HUD Fair Market Rents (FY2026) for Big Stone County, Minnesota. All cities follow Minnesota state law unless a local ordinance applies.
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Late Fee Limits by Unit Size in Odessa
Late fee caps scale with rent. Here's the maximum by unit type:
| Unit Size | Median Rent | Max Late Fee (8%) |
|---|---|---|
| Studio | $671/mo | $53 |
| 1-Bedroom | $816/mo | $65 |
| 2-Bedroom | $973/mo | $77 |
| 3-Bedroom | $1,178/mo | $94 |
Rents based on HUD Fair Market Rents (FY2026) for Big Stone County.
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More Odessa 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 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.
