Late Payment Penalty Charges

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magsandbilly
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Late Payment Penalty Charges

Post by magsandbilly »

Hi All

Can anyone advise whether it is legal in Thailand for the Lessor to apply Late Payment Penalty charges to Management Fee and Utility invoices, if payment, in full, has not been paid by the due date.

Much appreciate you guys pro-activeness in responding posting.php?mode=post&f=10#
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hhfarang
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Re: Late Payment Penalty Charges

Post by hhfarang »

You have legal recourse if it is specifically written into a contract, i.e., exactly what the late penalty is and how long after the due date it is considered late. Even with that it could take years to settle if it goes to court.
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magsandbilly
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Re: Late Payment Penalty Charges

Post by magsandbilly »

Thanks for that. Very helpful
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