Good Thunder, Minn., Mun. Code Ch. 151 (2026) § 151.08
TRANSFER OF PROPERTY OWNERSHIP
Operative Text
(A) No license issued under this chapter is transferable from one party to another. If the property is sold or otherwise transferred to a new owner, the new owner is required to apply for a rental license as provided for in § 151.06 (A) of this chapter. If the property is owned by a partnership or corporation and more than a 10% interest in the property has been transferred to a party that was not previously disclosed on the application for rental license, then the license holder shall apply for a new license as provided under § 151.06 (A) of this chapter. (B) Whenever any real estate is sold for a consideration in excess of $1,000, whether by warranty deed, quitclaim deed, contract for deed or any other method of sale, the grantor, grantee or the legal agent of either shall file a certificate of value with the County Auditor in the county in which the property is located when the deed or other document is presented for recording. Contract for deeds are subject to recording under § 507.235, subd. 1, of M.S. § 272.115, as it may be amended from time to time. A copy of the contract for deed will have to be submitted to the city within 30 days after filing with the County Recorder’s office, per M.S. § 507.235 subd. 2, as it may be amended from time to time. Failure will result in the violation of the rental code. (2001 Code, § 13.090) (Ord. 13, passed 6-2-2014)
Good Thunder Ch. 151 § 151.08 establishes that rental property licenses in Good Thunder are non-transferable when ownership changes hands. A new owner must obtain a fresh rental license, and if a partnership or corporation shifts more than 10% of its ownership interest to a previously undisclosed party, a new license application is also required. Additionally, when real estate sells for more than $1,000, a certificate of value must be filed with the County Auditor, and any contract for deed must be submitted to the city within 30 days of recording with the County Recorder's office.
Plain English — not legal advice.
Under Good Thunder Ch. 151 § 151.08, operators who acquire a rental property—whether through a deed, contract for deed, or other transfer—generally apply for a new rental license under § 151.06(A) before or promptly after taking ownership. Owners structured as partnerships or corporations track changes in ownership interest and file for a new license whenever an undisclosed party acquires more than a 10% stake. When a sale exceeds $1,000, compliant operators ensure a certificate of value is filed with the County Auditor and, for contracts for deed, submit a copy to the city within 30 days of recording to avoid a rental code violation.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Good Thunder Ch. 151 § 151.08 requires that any new property owner hold a valid rental license, meaning tenants can verify whether their landlord has properly licensed the property following a sale or ownership transfer. If a property changes hands and the new owner has not obtained a license as required under § 151.06(A), that failure may constitute a rental code violation that tenants can raise with the city. Tenants who have questions about whether a transfer was properly handled may contact the city of Good Thunder directly or consult a local tenant-rights organization for general guidance.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 13, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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