Should I pay liquidated damages for defaulting on property fees?

Legal analysis: Whether it is necessary to pay liquidated damages for late fees needs to be determined according to the property service contract concluded by both parties. It is stipulated in the contract that the owner who needs to pay the liquidated damages for deferred payment should pay it, and the amount of compensation for breach of contract should be equivalent to the losses caused by breach of contract, including the benefits that can be obtained after the performance of the contract; However, it shall not exceed the losses that the breaching party foresaw or should have foreseen when concluding the contract.

Legal basis: Article 584 of the Civil Code of People's Republic of China (PRC) on the scope of damages. If one party fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the agreement, thus causing losses to the other party, the amount of compensation shall be equivalent to the losses caused by the breach of contract, including the benefits that can be obtained after the performance of the contract; However, it shall not exceed the losses that the breaching party foresaw or should have foreseen when concluding the contract.

Article 585 of the Civil Code of People's Republic of China (PRC) * * * The breaching party may stipulate that one party shall pay a certain amount of liquidated damages to the other party according to the situation of breach of contract, and may also stipulate the calculation method of the amount of damages caused by breach of contract.

If the agreed liquidated damages are lower than the losses caused, the people's court or arbitration institution may increase the liquidated damages at the request of the parties; If the agreed liquidated damages are excessively higher than the losses caused, the people's court or arbitration institution may appropriately reduce them at the request of the parties.

If the parties concerned pay liquidated damages for delayed performance, the breaching party shall also perform the debt after paying the liquidated damages.