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Does the property company have the right to cut off water and electricity for the owners?
Article 944 of the Civil Code of People's Republic of China (PRC), the owner shall pay the property fee to the property service provider as agreed. If the property service provider has provided services in accordance with the agreement and relevant regulations, the owner shall not refuse to pay the property fee on the grounds that he has not accepted or does not need to accept the relevant property services. If the owner fails to pay the property fee within the time limit in violation of the agreement, the property service provider may urge him to pay it within a reasonable period of time; If the payment is not made within a reasonable period, the property service provider may bring a lawsuit or apply for arbitration. The property service provider shall not stop power supply, water supply, heat supply and gas supply to demand payment of property fees.
Does the property company have the right to charge property fees for late fees?
Property companies have no right to collect late fees, but they can pay liquidated damages according to the contract requirements. Late payment fee refers to a certain proportion of late payment fee for failing to pay taxes according to the tax payment period or repaying loans according to the repayment period. 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. The so-called legal, that is, the late payment fee is the money expressly stipulated by national laws and regulations, and no individual or other enterprise or group has the right to set it up privately.
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