Are there extra charges for late payment of monthly fees?

Faq Fees Payment Late Charges

Late payment fees are imposed as follows:

Fees must be paid by the 1st of the following month. For example, if you are settling fees for January 2024, payment must be received by 1st January 2024.
A $15 administrative fee will be charged for overdue fees after the 7th of each month.
An additional $15 administrative fee will be charged for overdue fees after the 14th of each month.