Job Recruitment Website - Property management - Is Evergrande's property not up to standard, resulting in liquidated damages?
Is Evergrande's property not up to standard, resulting in liquidated damages?
Failure to pay property fees will result in liquidated damages.
For some reasons, the owner may pay the property fee overdue. However, overdue payment of property fees is likely to result in liquidated damages, sometimes called late fees.
There is no clear agreement on the calculation method of unpaid property fees, which mainly depends on the property service contract between the owner and the property management unit. There is no penalty clause in some contracts, but the unpaid property fee violates the property service contract signed by both parties, which is obviously a breach of contract.
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