DYNASTY PROPERTY MANAGEMENT
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- 6, Archbishop Kyprianou , 6016, Larnaka, Cyprus
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At Dynasty Property Management, we are a family-owned company built on over 35 years of individual experience in property management. Our team came together with a shared goal: to combine our long-standing expertise with the rapid development taking place in Larnaka, transforming our knowledge into a modern, reliable approach to building and estate management.
Being family-owned means we operate with trust, integrity, and personal commitment at the heart of everything we do. We treat every property as if it were our own—prioritising clear communication, strong client relationships, and consistently high standards of maintenance.
Whether it’s day-to-day operations or long-term asset care, we ensure your building is managed with professionalism, attention to detail, and genuine care.
- A trusted family business.
- Decades of experience.
- Quality management you can rely on.
5 Reasons You Should Have a Management Company for Your Building — And Why Dynasty Makes the Difference
1. Consistent, High-Quality Maintenance
A management company ensures all cleaning, repairs, and technical checks are carried out professionally and on time, preventing small issues from becoming expensive problems.
2. Increased Long-Term Property Value
Proper maintenance, organised services, and smooth operations help preserve and even increase the value of every unit in the building.
3. Cost Efficiency Through Smart Budgeting
Professionals create clear annual budgets, negotiate better prices with service providers, and monitor expenses—saving residents money and ensuring transparency.
4. Professional Administration & Legal Compliance
From organising meetings to ensuring the building meets safety, insurance, and regulatory requirements, a management company handles all essential admin so owners don’t have to.
5. Better Communication & Harmony Among Residents
A neutral, professional third party manages decisions fairly, handles disputes efficiently, and keeps everyone informed—helping the whole building run smoothly.
WHY DO YOU NEED A COMMITTEE?
5 Reasons You Should Have a Management Company for Your Building — And Why Dynasty Makes the Difference
- Cyprus law mandates that every “jointly-owned building” (i.e. a building with common/shared areas) must have a Management Committee.
- Even if the building is newly registered or when owners purchase their units, a temporary Committee must be appointed until a regular Committee is elected via a general meeting.
To legally manage communal property and common expenses
- The Committee is the only legally recognised body that can collect contributions (common maintenance/utility/insurance fees) from owners, administer communal funds, and allocate money for maintenance, repairs, insurance, and other communal needs.
- Without a properly established Committee, there is no lawful mechanism for charging or enforcing payment of communal fees.
To provide a channel for collective decision-making and owner representation
- The Committee is elected by the owners at a general meeting and acts on behalf of all unit-owners to make decisions that concern communal areas and shared property.
- This protects individual owners from unilateral decisions by developers or one owner, ensuring fair representation and democratic governance of the property.
To enable legal enforcement and accountability
- Only the Committee (as a legal entity) can sue — or be sued — on behalf of the building, for matters such as unpaid fees, damage to communal areas, liability issues, or disputes among owners.
- It ensures accountability and transparency: the Committee is legally bound to follow the law and the internal regulations of the building; owners have a formal way to address neglect, non-compliance or misuse.
Why Every Building Needs a Management Committee
Selecting the right real estate partner is one of the most important steps in your property journey. At David Spyrou Group, we believe that trust, experience, and professionalism are the foundation of every successful transaction. Here are a few key points to consider when choosing your real estate agency in Larnaca:
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Monday – Friday
9:00 AM – 1:00 PM
2:00 PM – 5:00 PM
Saturday – Sunday
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