Do I have to pay a late fee for the property if I don't close the house on time?

If the developer delays the delivery of the house due to its own construction period, it needs to pay a certain amount to the owner in accordance with the contract. These contracts are all equal. If the owner delays the delivery of the house, it is reasonable for the property to charge a late fee.

What is the late payment fee and what are its characteristics?

Late payment fee refers to a certain proportion of late payment fee for failing to pay taxes according to the tax payment period or repaying loans according to the repayment period. It is a measure for tax authorities or creditors to give economic sanctions to overdue parties.

Characteristics of late payment fees:

1 has the characteristics of legality, compulsion and punishment.

The so-called legal, that is, the late payment fee is the money expressly stipulated by national laws and regulations, and no individual or other organization has the right to set it up privately;

2. Compulsory means that the collection of late payment fees is guaranteed by the state's compulsory force;

3, punitive, refers to the late payment fee is a punitive measure for payment beyond the prescribed time limit. According to the above characteristics of late payment, late payment will only occur if the legal status of both parties is not equal and the state exercises public power.

Legal basis:

property management regulations

Article 64

In violation of the property service contract, the owners fail to pay the property service fee within the time limit, and the owners' committee shall urge them to pay it within a time limit; If it fails to pay within the time limit, the realty service enterprise may bring a lawsuit to the people's court.