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Can a property management company charge a late fee for property fees?
Property companies have no right to collect late fees, but they can pay liquidated damages according to the contract requirements. The parties may agree to pay a certain amount of liquidated damages to the other party when one party breaches the contract, or agree on the calculation method of the amount of damages caused by the breach of contract.
Legal objectivity:
Article 944 of the Civil Law, 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.
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