Is it legal for property companies to collect late fees?

Legal analysis: it is illegal to collect late fees for property fees. The late payment fee refers to the amount that I charge a certain percentage of late payment fee for not paying taxes according to the tax payment deadline or not paying back according to the repayment deadline. It is a measure for tax authorities or creditors to give economic sanctions to overdue parties. The late payment fee has the characteristics of statutory, compulsory and punitive.

Legal Basis: Interpretation on Several Issues Concerning the Specific Application of Law in the Trial of Disputes over Property Services Article 6 If the owner refuses to pay the property fee without justifiable reasons or fails to pay the property fee within a reasonable period after being urged in writing, the people's court shall support the property service enterprise to request the owner to pay the property fee. Property service enterprises have provided services in accordance with the contract and relevant regulations, and the people's court will not support the owners' defense on the grounds that they do not enjoy or need to accept relevant property services. Therefore, if the owner refuses to pay the property fee without justifiable reasons, he will bear the liability for breach of contract to the property management enterprise and bear all the adverse consequences caused by losing the case.