What does the property extension fee in the invoice mean?

Delay fee is the abbreviation of "delay compensation fee", which is the time cost caused by the failure of residential owners to pay property fees on time. Because the property fees are not in place, many residential property companies even face unsustainable difficulties and are forced to withdraw from a certain residential area.

Property fee refers to the fees charged by property owners and users who entrust the property management unit to carry out daily maintenance, repair and transformation of houses, buildings and their equipment, public facilities, greening, sanitation, transportation, public security, environment and other facilities related to residents' lives in residential areas.