How to calculate the late payment fee of 3‰

Property fee * days overdue multiplied by 3‰= late fee for property fee.

The calculation method of overdue fine for property fees is as follows: 1. Determine the payable amount and payment period of property fees. If the property fee is not paid on time, the late payment fee will usually be calculated according to a certain proportion. Take 3‰ as an example, that is, the late payment fee is 3‰ of the property fee payable. The specific calculation formula is: late payment fee = payable property fee multiplied by 0.003.

It can be seen that the late fee for property fees is calculated according to the number of days overdue and the amount paid by the owner. For example, the property management fee is 2000 yuan. If the property management fee is overdue 10 day, the daily late fee is 2000 * 3‰= 6 yuan, which is multiplied by the actual overdue days 10 day to get the late fee 60 yuan. The parties may agree that when one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party according to the situation of breach of contract, and may also agree on the calculation method of the amount of compensation for 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.

To sum up, 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.

Legal basis:

People's Republic of China (PRC) Civil Code:

Article 944

The owner shall pay the property fee to the property service provider as agreed. If the property service provider has provided services in accordance with the agreement and relevant regulations, the owner shall not refuse to pay the property fee on the grounds that he has not accepted or does not need to accept the relevant property services. If the owner fails to pay the property fee within the time limit in violation of the agreement, the property service provider may urge him to pay it within a reasonable period of time; If the payment is not made within a reasonable period, the property service provider may bring a lawsuit or apply for arbitration. The property service provider shall not stop power supply, water supply, heat supply and gas supply to demand payment of property fees.