Is it reasonable to collect liquidated damages if the property fee is paid several months late?

Legal analysis: the property management company has no right to collect late fees, but it can ask you to pay liquidated damages according to the contract. 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. The late payment fee has the characteristics of statutory, compulsory and punitive. The so-called legality means that the late payment fee is clearly stipulated by the national laws and regulations, and no individual or other enterprise or group has the right to set up the system privately, which means that the collection of late payment fee is guaranteed by the national compulsory force.

Legal basis: Article 114 of People's Republic of China (PRC) Contract Law can stipulate that if one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party.