Apartment & Complex Management Blog

Aidat & Tahsilat

How Is Interest on Dues Debt Calculated? 5% Monthly

How is the interest added to accumulated dues calculated? What does "5% monthly" mean, and on what amount does it run? We explain the interest on dues debt with an example.

Aidat & Tahsilat

Penalty for Not Contributing to Common Expenses: 5% Late Payment Penalty

An owner who pays dues late pays not only the debt but also a late payment penalty. How is this 5% penalty calculated, and can it be changed? We explain under KMK Art. 20.

Hukuk & KMK

The Common Expense Claim Action and Collection Methods

What legal routes are available against an owner who does not pay dues? We explain the common expense action, late payment penalty, enforcement proceedings and statutory mortgage based on the KMK.

Aidat & Tahsilat

What to Do About a Neighbor Who Doesn't Pay Dues: The Enforcement Process Step by Step

The biggest problem for apartment managements is unit owners who fail to pay their dues. Even a small number of defaulters can strain the building's budget.

Hukuk & KMK

How Is Late-Payment Interest on Dues Legally Applied?

A late-payment interest may be requested from an owner who does not pay their dues on time. However, how the rate is calculated and under what conditions it is applied is often unknown.