How to calculate the property late payment fee? Is there an upper limit?

The collection standard of late payment fee for property fees depends on whether there is an agreement or agreement in the property service agreement signed between the property and the owner and the owner's manual that "overdue payment of property fees will be subject to late payment".

If there is an agreement, a late fee will be charged according to the contract. If the parties to the contract have not agreed on the standard of liquidated damages for overdue payment, the people's court may calculate the liquidated damages for overdue payment with reference to the standard of charging interest for overdue loans of financial institutions stipulated by the People's Bank of China. The meaning of late payment fee is to collect a certain amount of liquidated damages according to relevant regulations if the repayment is due or not on time. Residential property fee is a kind of service contract fee. Usually once a year. As long as it is paid within the year, it is not overdue. If it exceeds the year, it can be collected as a late payment fee. The overdue fine for property fees shall be calculated according to the stipulations of the property contract. If the owner fails to pay the property management fee to the property management unit on time, the property management unit has the right to charge the owner a late fee for the property management fee. No matter whether the owner is unwilling to default or because he is dissatisfied with the service of the property management unit, he deliberately fails to pay the fee. After the prescribed time limit is exceeded, the owner needs to pay a certain late fee.

The mode of returning the deposit in time for houses that have not been damaged by decoration stipulates that the property company should conclude a written decoration service agreement with the owner. In addition to the decoration service fee, the property shall not charge decoration garbage cleaning fee, construction personnel management fee, door card cost and other decoration-related expenses.

Legal basis: 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.