How to calculate the late fee for defaulting on property fees?

Legal analysis: overdue payment of property management fee is 3% per day. If the developer takes the house in the future within 15 days after receiving the overdue fine, it shall pay the escrow fee to the developer at the rate of two ten thousandths. 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. Whether there is a late fee for unpaid property fees mainly depends on the property service contract between the owner and the property management unit. Strictly speaking, the late payment fee here is actually liquidated damages, because the unpaid property fee violates the property service contract signed by both parties. Therefore, if there is a clause about overdue payment in the contract, it should be implemented according to the contract. If there is no agreement in the contract, the property management unit shall not collect it without authorization. Therefore, defaulting on property fees is likely to pay late fees (liquidated damages). The specific amount depends on the specific agreement in the property management contract, which is generally three thousandths. Therefore, it is recommended that all owners pay the property fees in time. If they are in arrears, please pay them as soon as possible.

Legal basis: Article 40 of the Regulations on Property Management should follow the principles of reasonableness, openness, and adaptation of fees and service levels, and distinguish the nature and characteristics of different properties. Owners and property service enterprises shall, according to the measures for charging property services formulated by the competent price department of the State Council in conjunction with the competent construction administrative department of the State Council, stipulate in the property service contract.