Enter the due date and cut-off date — see the current balance in seconds under Condominium Law Art. 20 (5% monthly late-payment interest).
Results update instantly as any field changes.
This calculation is informational. Under KMK Art. 20, 5% per month applies unless the management plan or unit owners' assembly resolution sets a different rate. Interest accrues daily for the days the debt is unpaid.
It is commonly called "late-payment interest," but the correct legal term is late-payment penalty. Condominium Law Art. 20 provides for a 5% monthly penalty for a unit owner who fails to pay their share of expenses and advances (dues) on time, for the days of delay.
This rate is not absolute: the management plan or the unit owners' assembly may set a different one. If they don't, the statutory 5% applies.
Daily compensation = (Amount × Rate ÷ 100) ÷ 30
Compensation = Daily compensation × Days overdue
Total debt = Amount + Compensation
1,500 × 5 ÷ 100 = 75 ₺/month → 75 ÷ 30 = 2.50 ₺/day → 2.50 × 45 = 112.50 ₺ compensation.
Apt Yönet accrues each unit's late-payment interest automatically and produces the balance schedule and statement for you. Your entire complex in one panel.
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