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How much is the penalty for property fees?
The calculation method of liquidated damages for property fees is generally agreed to be three thousandths. If it is higher than the standard of liquidated damages prescribed by law, it may be required to reduce it appropriately. The relevant provisions on liquidated damages for property fees apply, so the liquidated damages for property fees include: 1. The realty service contract may stipulate that one party shall pay a certain amount of liquidated damages when it breaches the contract; 2, the property service contract can stipulate the calculation method of the amount of compensation for breach of contract; 3. If liquidated damages are paid due to delayed payment of property fees, the original property fees shall also be paid; 4. The agreement on liquidated damages for property fees shall not be higher than three thousandths. If the liquidated damages agreed in the contract are too low compared with the losses, the other party may request the court to increase them, and if they are too high, they may request the court to reduce them appropriately.
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