Dynamic Property Services

Every community scheme is different. There are hundreds of community schemes in NSW, ranging from simple rural subdivisions to prestige urban developments with private roads, high levels of security and exclusive recreational facilities such as marinas and golf courses.

Governed by strict legislation and regulations, usually the builder or developer will be the only member of a community association in the initial stage. As lots are sold or further subdivided, membership of the association increases.

Part of the registered community, precinct or neighbourhood plan is a vital document called the management statement. (A precinct is always, and a neighbourhood is mostly, a smaller part of a community scheme.) Every owner in a community, precinct or neighbourhood scheme should be given a copy of the management statement when they purchase their lot.

The management statement is often a large and complicated document that regulates everything that happens. It must include by-laws, plans and other particulars about the location, control, use and maintenance of association property. The management statement may also include by-laws, plans and other particulars about such things as behaviour, preserving the essence of a development and architectural or landscape guidelines. The details of what may and may not be in a management statement are far too extensive to be listed in this brief overview.

The rules governing membership of the executive committee of an association are far more complex than those governing the election of an executive committee for a strata scheme. This often causes confusion when there are strata schemes that are part of a community, neighbourhood or precinct as strata owners may not understand that the legislation and requirements are quite different. Managing an association is often a difficult matter and there is usually far too much work for an executive committee of elected volunteers to administer. This is why you need a qualified, competent manager who is specially trained in the legislation governing community schemes and experienced in solving the complex issues that arise. So in considering a management company for your scheme it is important to choose carefully.

For a comprehensive overview about living in a community scheme download the NSW Office of Fair Trading’s free handbook.

6 reasons discerning owners choose Dynamic

1	Information you can trust. Dynamic has a much higher percentage of licensed strata professionals and qualified support people than the industry average. Dynamic invests in training including free information seminars for new executive committee members.

2	Direct communication. Everyone including your strata manager has an individual email address, direct phone number and personal message bank.

3	Commitment and capability you can trust over time. A stable workforce and low turnover of licensed managers. Smaller portfolios and higher ratios of support staff than the industry average = value for money.

4	Well established online functions including:
	Make a levy payment
	Request repairs to common property
	Read ‘notice boards’ documents such as meeting minutes
	Read quarterly owners newsletter
	Advise change of address
	Look up rules and regulations
	Executive committee exclusive facility

5	Your money is safe. Scheme funds are held in individual trust accounts regulated by the Office of Fair Trading. Finance and accounting functions are managed by qualified and experienced professionals.

6	You deal with qualified and experienced professionals. As well as finance and accounting, the strata managers are underpinned in other key areas such as information technology, compliance, risk-management, insurance, records management and production, customer service, professional development and education.

For an obligation free quotation email customerservice@dps.net.au or phone (02) 9263 9925.