Dues Late Fee Calculator
Enter the overdue building dues and the days late to calculate the late fee at five percent a month and the total owed under the Turkish Condominium Law.
Frequently asked questions
How much is the late fee on dues?
The law sets a late fee rather than interest: five percent a month on the overdue amount, by day. Dues of 2,000 TL that are 30 days late accrue 100 TL; 45 days late accrue 150 TL.
How is the late fee calculated?
Multiply the overdue amount by the monthly rate and by the days late, then divide by 30: amount × rate × days / 30. The fee is calculated on the principal.
Can the management plan set a different rate?
The management plan binds all owners and may set the rate applied on late payment. If your plan states a rate, use it here; seek legal advice in case of dispute.
Is the tenant liable for the late fee?
The tenant is jointly liable with the owner for the dues and the late fee, but only up to the rent they are obliged to pay.
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