Job Recruitment Website - Property management - How long is the property fee overdue to pay liquidated damages?
How long is the property fee overdue to pay liquidated damages?
However, there is a problem that must be clarified, that is, whether the liquidated damages for the property company's inadequate service stipulated in the property service contract are equivalent to the liquidated damages for the owner's default on property fees, that is, if the property company's service is not in place, is it also agreed to compensate the owner for the liquidated damages at a daily rate of 5%?
If the property service contract only stipulates the penalty for the late payment of property fees by the owner, but not the penalty for the poor service of the property company (which is very common in previous property service contracts), or the proportion of the late payment of property fees by the owner is obviously higher than that of the poor service of the property company, this will lead to the unequal amount of compensation between the two parties, which violates the basic principles of contract law.
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