Delayed delivery and check-out, developers do not need to compensate for loan interest. However, during the overdue delivery period, it is necessary to pay liquidated damages or liquidated damages to the buyer according to the rental standards of similar houses in the same lot published by the relevant real estate departments or real estate appraisal agencies.
Legal objectivity:
The Supreme People's Court's Interpretation on Several Issues Concerning the Applicable Law in the Trial of Disputes over Commercial Housing Sales Contracts Article 11 According to the provisions of Article 563 of the General Principles of the Civil Law, if the seller delays the delivery of the house or the buyer delays the payment of the house purchase price, and the obligee still fails to perform it within a reasonable period of three months after being urged, it shall be supported if he requests to terminate the contract, unless otherwise agreed by the parties. If there is no law or agreement between the parties, the reasonable time limit for exercising the right of cancellation is three months after the other party's demand. If the other party fails to ask for a notice, the revocation right holder shall exercise it within one year from the date when he knows or should know the reasons for revocation. If it is not exercised within the time limit, the right of revocation shall be extinguished. Interpretation of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Disputes over Commercial Housing Sales Contracts Article 13 If the commercial housing sales contracts do not stipulate the amount of liquidated damages or the calculation method of loss compensation, the amount of liquidated damages or loss compensation can be determined with reference to the following standards: if it is delivered for use after the time limit, it shall be determined according to the rent standards of similar houses in the same lot published by the relevant competent authorities or evaluated by qualified real estate appraisal agencies.