ᐅ What is the applicable interest rate for late payments?

Created on: 22 Dec 2020 16:54
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Bertram100
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Bertram100
22 Dec 2020 16:54
Hello Forum,

My new apartment had a few defects that the construction company promised to fix or compensate for. There is agreement on the issues (the underfloor heating was difficult to regulate, the toilet makes creaking noises when sitting down, one door was installed crookedly and only closes with difficulty, and it also swings fully open when left ajar). None of these are major problems.

Unfortunately, the construction company is hesitant to provide financial compensation and keeps delaying with excuses like "we will discuss it with the plumbing company," "it is under review," and "we will get back to you." I had actually requested compensation by October 31. After that, I even received a call from the manager saying the matter was being reviewed and I would be informed soon.

However, I never received any update. Now I have had enough. I waited twice in good faith and trust. Since the formal written reminder was already sent in September, I can now also charge default interest. What is the usual interest rate for this?
11ant22 Dec 2020 19:00
Bertram100 schrieb:

What is the typical interest rate for this?
I’m not sure how standardized this is across the EU, and I have little knowledge of German consumer law; in this case, it also concerns Belgian law (?).
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https://www.linkedin.com/company/bauen-jetzt/
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Bertram100
22 Dec 2020 19:03
The tax office in Germany charges, I believe, 6% per year, as I just saw on Google. Not bad, I would say. Maybe I'll try the 6%. I’m not sure if that complies with Belgian law. I just assume the differences aren’t that significant.
11ant22 Dec 2020 19:06
Bertram100 schrieb:

The tax office in Germany charges, I believe, 6% per year, I just saw it on Google. Not bad, Mr. Specht, I would say.

As far as I know, the tax office in Germany charges 12% (a full percent for each month).
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
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Bertram100
22 Dec 2020 19:07
11ant schrieb:

As far as I know, the tax office in Germany charges 12% (a full 12% for each month).
Then I’ll give it a try too. 😀
11ant22 Dec 2020 19:10
Bertram100 schrieb:

Then I'll give it a try as well.
Exactly: not 12% per year, but 1% for each new month started.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/