Kreenholmi 33: debt and separate bases for late-payment interest

Late-payment interest on principal and on litigation costs has different bases and starting points.

KÜ Kreenholmi 33 (now — Narva linn, Kreenholmi tn 33 korteriühistu). KÜ Kreenholmi 33 claimed management charges and late-payment interest from owner XX. No timely response followed service. The court allowed the claim by default, treating the association’s factual allegations as admitted and the claim as legally justified. The court awarded debt, accrued late-payment interest and costs of 235 euros. Under the operative part, further late-payment interest of 0.07% per day runs on the principal from 1 June 2016 until payment. Separate late-payment interest runs on unpaid costs from the judgment’s entry into force until payment, at the European Central Bank main refinancing rate applicable for each half-year plus eight percentage points annually. The bases and starting points differ. The judgment is immediately enforceable without security but does not establish payment.

Debt, late-payment interest and costs were awarded by default; further late-payment interest on debt and costs runs separately.