Round Lake, MN Late Fee Limits 2026
Late fees in Round Lake are capped at 8% of rent ($83 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 Round Lake, MN. Check all requirements for your property →
Key Takeaways — Round Lake Late Fee Limits
- Key rule: 8% Max or Tenants Sue
- Violation risk: face a lawsuit
Late Fee Limits in Round Lake
Round Lake landlords must follow Minnesota state law on late fee limits. Understanding the specific rules, deadlines, and penalties can prevent costly violations.
$1,049
median 2BR rent
8% Max or Tenants Sue
key requirement
Penalty Warning
Violate Minnesota late fee limits rules in Round Lake and you could face a lawsuit. At Round Lake's median rent of $1,049/month, even a single violation adds up fast.
Round Lake Rental Market Context
Round Lake is the 556th-largest city in Minnesota (population 361). With a median 2-bedroom rent of $1,049/month, it falls in the above-average range for Minnesota rental costs — 5% above the state median of $999/month.
How Round Lake Compares in Nobles County
Round Lake ranks #5 of 9 cities in Nobles 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 |
|---|---|---|---|
| Worthington | 13,614 | $1,049/mo | $83 max |
| Adrian | 1,182 | $1,049/mo | $83 max |
| Brewster | 495 | $1,049/mo | $83 max |
| Ellsworth | 483 | $1,049/mo | $83 max |
| Round Lake | 361 | $1,049/mo | $83 max |
| Rushmore | 358 | $1,049/mo | $83 max |
| Wilmont | 320 | $1,049/mo | $83 max |
| Bigelow | 219 | $1,049/mo | $83 max |
| Lismore | 200 | $1,049/mo | $83 max |
Rents based on HUD Fair Market Rents (FY2026) for Nobles County, Minnesota. All cities follow Minnesota state law unless a local ordinance applies.
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Late Fee Limits by Unit Size in Round Lake
Late fee caps scale with rent. Here's the maximum by unit type:
| Unit Size | Median Rent | Max Late Fee (8%) |
|---|---|---|
| Studio | $723/mo | $57 |
| 1-Bedroom | $799/mo | $63 |
| 2-Bedroom | $1,049/mo | $83 |
| 3-Bedroom | $1,294/mo | $103 |
Rents based on HUD Fair Market Rents (FY2026) for Nobles County.
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More Round Lake 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.
