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What is the late fee for property management fees according to national standards?
Legal analysis: 5% per day as liquidated damages.
Legal basis: Regulations on Property Management
Article 17 The management statute shall stipulate the use, maintenance and management of the property, the interests of the owners, the obligations that the owners shall perform and the responsibilities that they shall bear if they violate the management statute. Management regulations shall respect social morality and shall not violate laws and regulations or harm public interests. Management regulations are binding on all owners.
Article 18 The rules of procedure of the owners' congress shall stipulate the discussion methods, voting procedures, members and term of office of the owners' committee.
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