OWNERS
CORPORATION
MANAGEMENT
BY LDB
HIGHLY EXPERIENCED AND CAPABLE
A FULLY COMPREHENSIVE OWNERS CORPORATION MANAGEMENT SERVICE AT A PACKAGED PRICE FOR ALL TYPES OF DEVELOPMENTS INCLUDING
COMMERCIAL
INDUSTRIAL
MIXED USE
RESIDENTIAL
RETAIL
LDB Property Pty. Ltd. is a professional Owners Corporation Manager and we’re here to assist lot owners with the financial, administrative & maintenance functions involved in multi-unit ownership to ensure not only the financial security of your owners corporation, but to ensure your capital asset is maintained and enhanced.
With almost 40 years’ experience, we are equipped to handle the complex legal responsibilities of current legislative requirements. Our team brings together a rich mix of the technical and people skills needed to manage your Owners Corporation.
As part of the LDB Group of professional companies, we have at our disposal the combined resources and expertise of LDB Property, LDB Accountants & Advisors, LDB Audit Services and LDB Financial Services, enabling us to provide, and deliver, a fully comprehensive management service.
We currently manage a diverse portfolio of owners corporations located throughout Victoria and are confident in being able to satisfy your particular requirements.
GENERAL MANAGEMENT SERVICES
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Maintenance of books of account, including:
- Annual income and expenditure statement
- Annual profit and loss statement
- Balance sheet
- Annual budget -
Recording and maintaining the owners’ corporation members register
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Collection of owners’ corporation fees and levies and payment into trust account (includes issuing of notices for fees and levies)
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Generation of invoices to debtors, where applicable, and collection of payment
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Arranging the payment of creditors from owners’ corporation funds
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Ensuring service and maintenance agreements for fire service, sprinkler service, alarm monitoring services, etc, are current (where applicable)
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Attendance to essential services requirements and maintenance contracts (where applicable)
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Arranging routine general repairs and maintenance of common property
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Arranging building and public liability insurances, and including quotes for renewal and insurance valuations
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Convening and conducting an annual general meeting, including:
- Preparation of the financial budget
- Provision of financial statements and reports
- Issuing notices and forms of proxy
- Developing the meeting agenda. -
Distribution of copies of minutes from annual general meeting to members
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Recording and maintaining the owners’ corporation minute book
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General advice pertaining to the Subdivision Act and owners’ corporation regulations
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Implementation of a grievance procedure
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Annual site visit and general common area inspection.
MANAGEMENT FEES
Our management fees are calculated at competitive market rates, usually on a per Lot / Unit per annum basis, after consideration of the type of development and work involved.
Our fee is packaged to incorporate all of the listed General Management Services
There are no additional or hidden management or administration fees within our General Management Services.
SERVICES
SERVICES PROVIDED IN TRANSFER
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Convene & hold Special General Meeting (if required) & Generate Minutes of Meeting & distribute to Lot Owners
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Arrange Notification to Land Victoria –Change of Address Notification
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Attend to registration of GST, Tax File Number & change of Company, where required
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Notification to existing Manager
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Arrange collection of all relevant Owners Corporation files & funds from existing Manager
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Arrange preparation & installation of replacement Owners Corporation Plaque
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Notification to relevant Service Authorities
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Notification to relevant contractors & Service Providers
For clarification purposes, there is no fee, other than disbursements incurred, for the above listed change of managements services.
ADDITIONAL SERVICES
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Set up & activation of Owners Corporation
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Issue Owners Corporation Certificate
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Attendance to Change of Address notification
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Preparation & lodgement of Additional Rules
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Preparation & lodgement of insurance claims
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Arrange & convene Special General Meetings
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Arrange Postal Ballots
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Issue & collect Special Levies
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Attendance to debt recovery
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Arrange major works (as & when authorised)
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Attendance to arranging emergency repairs
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Attendance to dispute resolution
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VCAT attendance
SAMPLE PORTFOLIO
PORTFOLIO
REFERENCES
POINT PROPERTY GROUP
To Whom It May Concern
I am delighted to provide this reference to LDB Property Pty Ltd.
We are a development company and have engaged Owen Day, LDB Property Pty Ltd, to both establish and manage multiple owners corporations on our behalf for commercial, residential & industrial developments, over the last 15 years.
Our practice is to retain properties within each of our developments so it is of high importance to us that the management of the owners corporations with which we are involved are handled professionally.
LDB provide an exemplary high level of service, are attentive to owners needs, attend to maintenance issues in a timely fashion and we have no hesitation in recommending them to other owners corporations.
Yours sincerely,
Joel Dodge
Director
Point Property Group Pty Ltd
DENNIS CARROLL
To Whom It May Concern
About twelve months ago I joined the owners corporation committee of a Brunswick apartment building managed by LDB. Before then I had been on the committee of a building in the CBD in which I have owned an apartment for about 12 years. That experience left me with a very low opinion of the two companies which managed the city property during that period. We switched companies because of the very poor performance of the first one, but found that the replacement did not meet our expectations either.
Not surprisingly by the time I joined the Brunswick committee I had fairly low expectations of OC management companies, however I was very pleased to discover that the other committee members held LDB in high regard. As an office bearer I have worked with Owen and Lara on a range of issues, including combustible cladding, and found them to be well informed and very efficient. As our day to day manager, Lara always responds quickly when issues are brought to her attention and is willing to go the extra mile when working with us to find solutions. On top of that, Owen, Lara and Kaye are very pleasant people to deal with.
I would have no hesitation in recommending LDB to you.
RAHUL & PAUL
Kaye & Owen from LDB Property have been providing owners corporation management services for our property located in North Melbourne over the past 5 plus years and we are extremely happy with their brilliant level of service!
They have a highly professional approach, are always willing to give quality advice, extremely responsive, supportive and have gone well beyond our expectations in providing an exemplary service.
A massive thank you to the team at LDB property and we highly recommend them to those who are thinking of owners corporation management services.
LEDLIN DEVELOP
The team at LDB have been exemplary in their service, professionalism and responsiveness as Owner’s Corp manager for our 90 tenancy Business Park. We can always rely on LDB for a prompt answer to a curvy question! A pleasure to deal with.
Tim Kourtaibe
Development Manager
Ledlin Develop
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We can't wait to hear from you
LDB Property Pty Ltd
1 – 3 Albert Street
Blackburn
VIC 3130