If one party breaches the contract, both parties can pay liquidated damages to the other party. However, if the agreed liquidated damages are higher than the actual losses caused by the breach of contract, the parties may request the people's court or the arbitration organ to reduce the amount of liquidated damages.

1, the state stipulates that the liquidated damages for late delivery shall be appropriately reduced according to the standard of more than 30% of losses caused;

2. It shall not exceed 30 days from the second day of the latest delivery date to the actual delivery date. The Seller shall pay the Buyer three ten thousandths of the paid house price as penalty per day. Continuous execution of the contract;

3.30 days later, the buyer has the right to terminate the contract and return all the house price plus three ten thousandths of the paid house price as penalty. The proportion of continuous execution is five ten thousandths;

4. Generally, the penalty for overdue delivery is calculated at 2%-5% per day, and the amount of penalty is not mandatory by law. This is a general operation;

5. Calculated according to the total amount of unpaid house purchase, refer to the standard of charging overdue loan interest by financial institutions stipulated by the People's Bank of China.

How to determine the liquidated damages?

1. After the commercial housing sales contract is concluded, the seller mortgages or sells the house to a third party without informing the buyer;

2. The seller intentionally conceals that he has not obtained the pre-sale permit of commercial housing or provides false pre-sale permit certificate of commercial housing;

3. The seller intentionally conceals the fact that the house sold has been sold to a third party or that the house has been relocated and compensated;

4. The seller intentionally conceals the fact that the house sold has been mortgaged;

5. If the absolute error ratio of house area exceeds 3%, the buyer may request to terminate the contract and return the paid house price and interest.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 17 of the Interpretation of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Disputes over Commercial Housing Sales Contracts.

Where the contract for the sale of commercial housing does 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 the payment is overdue, it shall be calculated according to the standard for collecting overdue loan interest of financial institutions stipulated by the People's Bank of China. Overdue delivery, in accordance with the relevant authorities announced or qualified real estate assessment agencies to assess the same lot of similar housing rent standards during the overdue delivery.