HOA Risk Assessment · Myrtle Beach oceanfront

Paradise Resort.

Program-leaning. The resort is built around its on-site program. Self-managing works, with friction and some things your guests will not get.

Read from 9 association documents dated 2006–2026: Paradise Resort Horizontal Property Regime. This page answers one question: what is it like to own here and rent it out yourself?

52OUT OF 100
Program-leaning

Self-manage score. Five questions, scored 1–5 from the documents, averaged.

Full read
Can you rent it your way?Typical
Will your guests be treated like guests?Caution
How much work lands on you?Caution
Is the money healthy?Favorable
Who's really in charge?Caution
01 What we read

The documents behind this page.

Nothing here is inferred from a listing or a phone call. Every score traces to a sentence in one of these.

Master Deed for Paradise Resort Horizontal Property Regime (executed November 2, 2006)2006· poorMaster Deed for Paradise Resort Horizontal Property Regime with Exhibits A-C (executed November 2, 2006)2006Exhibit 4 (actually Exhibits A-F) to Master Deed: legal description, Exhibit B unit description, Exhibit C percentage schedule, Exhibit D Articles of Incorporation, Exhibit E By-Laws (complete), Exhibit F Maintenance Schedule2006· partialBy-Laws of Paradise Resort Homeowners' Association, Inc. (Exhibit E to Master Deed)2006· partialParadise Resort Homeowners' Association Rules and Regulations (effective November 1, 2021; recorded November 12, 2021, Deed Book 4483 Page 1938)2021Paradise Resort 2026 Approved Operating Budget (with 2025 column and 2025/2026 per-unit dues tables)2026Paradise Resort 2024 Approved Operating Budget (with 2023 column and 2023/2024 per-unit dues tables)2024· partialParadise Resort 2023 Approved Operating Budget (with 2022 column and 2022/2023 dues break-down)2023· partialMinutes of the 16th Annual Members' Meeting, October 27, 20232023
✓Master deed / declarationOn file
✓BylawsOn file
✓Rules & regulationsOn file
✓Current budget with dues scheduleOn file
✓Latest annual meeting minutesOn file
Insurance summaryNot on file
Reserve studyNot on file
02 The five questions

What the documents decide
before your first guest books.

Five dots is the best answer for an owner who wants to run the unit themselves. One dot is a red flag. Open “What the documents say” under each for the exact words.

01

Can you rent it your way?

Typical

Whether the deed and rules let you rent short-term on your own terms: no requirement to use the on-site program, no minimum stay that kills weekend bookings, and no rule against saying where the condo is.

Short-term rental is allowed with no minimum stay and owners may rent personally or through any off-site manager, but every listing must carry a mandatory disclaimer and may not mention or show resort amenities, every guest must be registered and sent the Rules in advance, the deed bars owners from using common elements for the business of renting, and the Rules holding these requirements can be changed by the Board alone; this matches the guide's 3 (allowed with registration and advertising rules).

Short-term rentalsAllowed
Must use on-site programNo
Owner may rent it personallyYes
Off-site manager allowedYes
Owner-use limitsNone stated. Timeshare/interval ownership prohibited without the Grantor's prior written approval (Master Deed Art. XV). The deed makes every owner's right to rent 'subject to all terms and conditions of the Master Declaration' of the Firebird and Surf & Dunes PUD, which is not in this set.
RegistrationAssociation occupancy registry: the Association must have at all times a record of all persons occupying each unit with contact information, plus a single point of contact for the renting owner who can respond within 30 minutes (Rules, Unit Occupancy). Association must hold a working key or access code to every unit (Rules, Keys). Every guest must receive a copy of the Rules before arrival.
Advertising rulesOwners renting personally or through an off-site manager must not reference the availability of the resort's commercial services, operations and amenities (Tiki Bar, Sandals Restaurant, front desk, housekeeping and maintenance services) in text or photographs, and every electronic, digital, print or other listing must carry the mandatory disclaimer. No 'FOR RENT' or other signs on the unit or property without Association approval; Master Deed bars any sign visible from the exterior. The deed also bars owners from using any part of the common elements to engage in the business of renting and reserves rental-management, front-desk, key pick-up/drop-off and concierge services to the commercial units.
Disclaimer in your listingRequired
Vote to change rental rulesRules and Regulations (which contain the disclaimer, registry and wristband rules) may be revised unilaterally by the Board. Master Deed amendments need 67% of members owning a unit at a special meeting; the Art. XV commercial-activity restriction can only be amended with the Grantor's consent and a unanimous vote of all unit owners; commercial-unit rights can only be altered with written consent of the Grantor and all commercial unit owners.
What the documents say (9)
“Provided however, nothing herein shall be construed as limiting the right of any OWNER of any UNIT from renting or leasing his, her, their or its UNIT, subject to all terms and conditions of this Master Deed and to all terms and conditions of the Master Declaration.”Master Deed (72a4e28f), Article XV, p.13
“Only the Owner of a COMMERCIAL UNIT shall be entitled to conduct commercial activities within the Regime. The Association and each UNIT OWNER (other than the Owner of a COMMERCIAL UNIT) is specifically restricted against conducting any commercial activity on any of the COMMON ELEMENTS. UNIT OWNERS may rent their Units, but are restricted against using any part of the COMMON ELEMENTS to engage in the business of renting.”Master Deed (72a4e28f), Article XV, p.14
“As a result, and in order to avoid any confrontations or other misunderstandings on-property, all Owners who elect to rent their units either personally, or through an off-site rental management company, shall refrain from referencing the availability of such commercial service, operations and amenities (whether in text or photographs).”Rules and Regulations Nov 2021 (9251e482), Commercial Areas, p.4
“In addition, any electronic, digital, print or other media listings, advertising or marketing materials for such units shall include the following disclaimer: "RENTAL OF THIS UNIT DOES NOT INCLUDE ANY FORM OF FRONT-DESK SERVICE OR ACCESS TO, OR USE OF, CERTAIN COMMERCIAL OPERATIONS LOCATED UPON THE PROPERTY".”Rules and Regulations Nov 2021 (9251e482), Commercial Areas, p.4
“Any and all guests of such units shall receive a copy of these rules and regulations prior to arriving at the property.”Rules and Regulations Nov 2021 (9251e482), Commercial Areas, p.4
“No UNIT or any portion thereof may be submitted to a plan of Interval Ownership or any form of timesharing without the prior written approval of the GRANTOR.”Master Deed (72a4e28f), Article XV, p.13
“No signs including "FOR SALE", "FOR RENT", etc. shall be displayed to the public on any units or any portion of the Association property, unless prior Association approval is obtained.”Rules and Regulations Nov 2021 (9251e482), Signs, p.3
“The foregoing restriction on commercial activities may not be amended without the consent of the GRANTOR, its successors and assigns, and the unanimous vote of all UNIT OWNERS.”Master Deed (72a4e28f), Article XV, p.14
“PLEASE NOTE: To further enforce the policies, these Rules and Regulations are subject to revision by the HOA Board of Directors.”Rules and Regulations Nov 2021 (9251e482), p.5
02

Will your guests be treated like guests?

Caution

Whether a guest who booked through you gets the same resort as a guest who booked through the front desk: the same pools, parking, wristbands and check-in, or a second-class version of them.

Off-program guests get the pools, Jacuzzi, lazy river and all other common elements, and the Association itself mails wristbands and parking passes for the owner to hand out, but front desk, housekeeping, the Tiki Bar, Sandals Restaurant and the C-1 exercise room are reserved to the on-site program and the required disclaimer must say so, which puts it between the guide's 3 (same amenities, owner handles passes) and 1 (amenities reserved, disclaimer required).

Amenities for your guestsMost, not all
Off limits to your guestsFront desk services (check-in, guest services), Housekeeping and maintenance services, The Tiki Bar, Sandals Restaurant, Exercise room on the 2nd floor (a Limited Common Element of Commercial Unit C-1 per Exhibit B, so not an Association amenity), On-premises maids closets, linen/laundry chute and elevator #5 (Limited Common Elements of C-1)
Wristbands & parking passesThe Association mails 'several' wristbands to each non-program unit near the beginning of each year; additional wristbands must be requested from the Association Office (Ally Management) Monday-Friday 9AM-5PM; no cost stated. Parking passes are likewise mailed to non-program units for the owner to distribute to guests. Guests must wear pool bands on the pool deck. Vehicles must fit one marked space and may not stay longer than the guest's occupancy; golf carts, motorcycles and oversized vehicles go to the lots across the street.
Check-inowner handles (the mandatory disclaimer states the rental includes no front-desk service; the Rules list Front Desk Services among commercial areas limited to on-site program guests)
TrashGuests/owners must bag trash in heavy-duty plastic and carry it to the bin on the ground floor of the parking garage; bags may not be left outside unit doors; bulky items go off-site at owner's expense. The building's laundry chute is a C-1 limited common element, not a trash chute for owners.
ElevatorsElevators and stairs are common elements except elevator #5, which belongs to Commercial Unit C-1. Move-in/move-out must be during business hours and coordinated with building maintenance. No service-elevator rule for guests stated.
Housekeeping & linenOwner arranges own cleaning: the Master Deed permits daily or weekly maid service by independent contractors acting for unit owners, but only the C-1 owner may use the on-premises maids closets and linen chute; the Rules list Housekeeping & Maintenance Services among commercial operations reserved to on-site program guests.
What the documents say (10)
“COMMERCIAL AREAS: Access to portions of the property's commercial operations and amenities are limited to only those guests renting through the on-site commercial management company.”Rules and Regulations Nov 2021 (9251e482), Commercial Areas, p.4
“The Commercial areas include; The Tiki Bar, Sandals Restaurant, Front Desk Services and Housekeeping & Maintenance Services.”Rules and Regulations Nov 2021 (9251e482), Commercial Areas, p.4
“WRISTBANDS: Units not participating on the onsite rental program, will be sent several wristbands near the beginning of each year. Additional wristbands should be requested from the Association Office, Monday thru Friday, 9AM - 5PM.”Rules and Regulations Nov 2021 (9251e482), Wristbands, p.2
“Units not participating with the onsite rental company will be sent parking passes to distribute to their guests.”Rules and Regulations Nov 2021 (9251e482), Parking, p.3
“Guests must wear appropriate pool bands while on pool deck.”Rules and Regulations Nov 2021 (9251e482), Swimming Pools, p.3
“Except as may be specifically set forth elsewhere in this Master Deed with regard to LIMITED COMMON ELEMENTS, the COMMON ELEMENTS shall be, and the same are hereby declared to be, subject to a perpetual non-exclusive easement in favor of all of the OWNERS of UNITS in the Condominium for their use and the use of their immediate families, guests, licensees and invitees, for all proper and normal purposes, and for the furnishing of services and facilities for which the same are reasonably intended, for the enjoyment of said OWNERS of UNITS.”Master Deed (72a4e28f), Article VIII, p.10
“Daily or weekly maid service is permitted by independent contractors acting for one or more UNIT OWNERS, but only the owner of COMMERCIAL UNIT C-1 shall be entitled to use the on premises maids closets, and linen chute.”Master Deed (72a4e28f), Article XV, p.14
“2nd Floor: Elev. #5, Exercise, two (2) maids and hvac, marked by stepped parallel hatching on the plans, are LIMITED COMMON ELEMENTS of COMMERCIAL UNIT C-1.”Master Deed Exhibit B (72a4e28f), Exhibit B, p.46
“All trash and unit debris must be secured in a heavy-duty plastic bag and deposited into the bin located on the ground floor in the parking garage. Placement of trash bags or other refuse outside unit doors for later disposal is expressly prohibited.”Rules and Regulations Nov 2021 (9251e482), Trash, p.3
“All move in and move out activities must be done during business hours and coordinated with building maintenance.”Rules and Regulations Nov 2021 (9251e482), Trash, p.3
03

How much work lands on you?

Caution

What the rules make the owner personally responsible for: a local contact who answers in minutes, keys and passes, trash, fines for guest behaviour, vendor hours and elevators.

Owner must keep an occupancy registry, name a contact who can respond within 30 minutes, hand out wristbands and parking passes, keep a key or access code on file with no hallway lockboxes, send the rules to every guest, have trash carried to the garage bin and bulky items hauled off-site, and absorb $200-plus fines and $50 per day for guest violations; the 30-minute rule and fine schedule are the guide's markers for a 1, offset only by Association-mailed passes, no service-elevator rule, a warning-then-hearing process and just $331 of fines actually levied in nine months of 2023, so this sits at the bottom of 2.

Local contactA single point of contact for the renting owner must be in the Association's occupancy registry and able to respond on behalf of the unit (Rules, Unit Occupancy).
Response time30 minutes, for any rules violation or emergency (Rules, Unit Occupancy).
Locks & keysAssociation must have a working key or access code to every unit; Master Deed lets the Association require a key deposited at the resort front desk and charge the owner for making a key if none is deposited. Entry door and lock modifications require Board approval; no lockboxes in hallways or stairwells.
FinesWarning first; then fines start at $200 per infraction (unless otherwise stated) plus $50 per day for willful violations until cured; smoking/vaping fines start at $250 per occurrence; throwing anything off a balcony gets all guests evicted. Violations count against the owner whether during owner or guest occupancy; fines are a lien on the unit and a personal obligation of the owner after a Board hearing whose decision is final. By-Laws Art. III Sec. 23: fine is first assessed against the occupant, then the owner pays on notice if the occupant does not; Board may also suspend voting and common-area use rights and recover attorney's fees. By-Laws Art. III Sec. 23(d) also lets the Board bypass the notice/hearing procedure and enforce by self-help (expressly including towing) or by suit, with the responsible owner or occupant paying all costs including attorney's fees.
Contractors & vendorsContractors must be licensed in Horry County and the City of Myrtle Beach, work only 9AM-5PM, carry liability and workers' comp with a certificate naming the Association as additional insured on file, sign in and get a name tag at the front desk, clean up all debris; owner is liable for any common-element damage; no tile cutting on balconies or penetrations of the exterior skin. Move-in/out during business hours, coordinated with maintenance.
AlsoOwners must carry an HO-6 policy with liability and contents coverage if not provided by the HOA (the HOA also bills a master HO-6 line). Owner responsible for HVAC, appliances, window and slider glass, interior surfaces. Balcony furniture must be brown; nothing hung from railings; smoking banned on balconies and in units; window treatments need uniform white backing; no satellite dishes. Association or its contractor performs monthly pest control inside units. Association may shut off utilities to a unit 20 days delinquent. All disputes with the Association or developer go to mandatory negotiation, mediation and binding arbitration with jury-trial waiver.
What the documents say (15)
“For safety and security, an occupancy registry shall be required by the Association, such that the Association shall at all times have immediate access to a record of all persons occupying units within the property, along with the relevant contact information in the event of an emergency i.e. fire, flood, terrorism, gas leak, hurricane etc.”Rules and Regulations Nov 2021 (9251e482), Unit Occupancy, p.4
“Additionally, such registry shall include a singular point of contact for, and on behalf of the renting owner(s) who can respond on behalf of the unit within 30 minutes to any and all violations of the rules and regulations of the Association or in the event of an emergency.”Rules and Regulations Nov 2021 (9251e482), Unit Occupancy, p.4
“Repeated or continued violations of the rules and regulations (whether occurring during owner or guest occupancy) may result in fines and/or legal action against the owner of the unit.”Rules and Regulations Nov 2021 (9251e482), Violations, p.4-5
“Assessed fines shall start at $200.00 per infraction (unless otherwise stated) and may, for wilful violations, include an additional, daily per diem penalty of $50.00 per day until the violation is remedied.”Rules and Regulations Nov 2021 (9251e482), Violations, p.5
“The decision of the Board following such hearing shall be final, and all fines and penalties stemming from such violation (including post-hearing penalties and costs, when and where applicable) shall constitute a lien upon the unit and shall be a personal obligation of the owner.”Rules and Regulations Nov 2021 (9251e482), Violations, p.5
“Smoking or vaping of any kind is strictly prohibited on the Association property including within units and balconies as this is a Non-Smoking property. Fines start at $250.00 per occurrence.”Rules and Regulations Nov 2021 (9251e482), Smoking, p.3
“There is a zero-tolerance policy regarding throwing items off the balconies. Throwing any items off the balcony will result in all guests being evicted from the unit.”Rules and Regulations Nov 2021 (9251e482), Balconies, p.2
“KEYS: Per the Master Deed, the Association must have a working key or access code to every unit in the event of an emergency.”Rules and Regulations Nov 2021 (9251e482), Keys, p.2
“Entry door and lock modifications require Board approval. No lockboxes may be placed in the hallways or stairwells.”Rules and Regulations Nov 2021 (9251e482), Building Hallways, Stairwells & Common Areas, p.2
“To facilitate entry in the event of any such emergency the OWNER of each UNIT, if required by the ASSOCIATION, shall deposit under the control of the ASSOCIATION and at the front desk of the resort a key to such UNIT.”Master Deed (72a4e28f), Article XVIII, p.15
“It is also each owner's responsibility to ensure that his/her rental agent and guests understand and observe all rules and regulations.”Rules and Regulations Nov 2021 (9251e482), General, p.2
“In the event that any occupant of a UNIT violates the Master Deed, By-Laws, or a rule or regulation and a fine is imposed, the fine shall first be assessed against the occupant; provided, however, if the fine is not paid by the occupant within the time period set by the Board, the Owner shall pay the fine upon notice from the ASSOCIATION.”By-Laws, Exhibit E (8e064f50), Article III, Section 23, p.32
“INSURANCE: All owners are required to obtain an HO-6 insurance policy that provides liability and content coverage if not provided by the HOA.”Rules and Regulations Nov 2021 (9251e482), Insurance, p.4
“Contractors used must be licensed in Horry County as well as the City of Myrtle Beach. Working hours are 9:00AM to 5:00PM.”Rules and Regulations Nov 2021 (9251e482), Unit Maintenance / Contractor Work, p.4
“All contractors must sign in and receive a name tag or identifiable marker from the front desk before entering the property and performing any services.”Rules and Regulations Nov 2021 (9251e482), Unit Maintenance / Contractor Work, p.4
04

Is the money healthy?

Favorable

Whether the association can pay for the building without surprise bills: reserves, special assessments, insurance deductibles, how fast dues are rising, and how much of the fee passes through to a master association.

Reserve funding is 18.9% of the 2026 budget and rising, dues rose only 3% for 2026 and 2% for 2025, no special assessments appear, delinquency is negligible, the insurance premium fell to $280,000 from its 2024 peak, and dues cover in-unit electric, water, cable/internet and a master HO-6; held below 5 by the 7.46% and 5.68% increases in 2023-2024, the 31% insurance spike in 2024, undisclosed deductibles that owners partly bear, a modest reserve balance for a 20-story oceanfront tower and no reserve study or engineering report in the set.

2026 budget$2,339,660
Dues change+3.0% on the year
Reserves19% of budget
Reserve balance$861,059
Special assessmentsNone in the documents
InsuranceThree insurance lines in 2026: Insurance Expense $280,000 (funded by a separate 'Insurance Assessment Revenue' line), Insurance Loss Expense $15,000, and Master HO6 Ins Expense $142,000 (billed to residential units as a separate monthly 'HO6 Dues' component, $29.38-$125.78); together $437,000 = 18.7% of the 2026 budget. Insurance Assessment history: 2022 $255,803; 2023 $275,000; 2024 $360,000 (+31%); 2025 $300,000; 2026 $280,000. Master HO6 revenue: 2022 $121,300; 2023 $132,258; 2024 $148,312; 2025 $142,000; 2026 $142,000. Broker USI Insurance Services told the Oct 2023 meeting that insurance was the largest line item, that the policy kept pool/water-feature coverage, had no wind-driven rain sublimit and a broad all-in endorsement, and to expect a 2024 increase; $101,054 of the 2024 $119,660 expense increase was insurance. 9/30/2023 balance sheet showed $171,453 in an insurance escrow and $275,902 prepaid insurance. Deductibles: no amount is disclosed; Master Deed Art. XXII (p.17-18) requires the owner to pay the portion of repair cost that the policy deductible leaves uncovered on owner-maintained items, and the budgets carry a separate 'Insurance Loss Expense' line ($30,000 in 2022, $15,000 each year 2023-2026). The broker also warned in Oct 2023 that carriers were 'increasing deductibles and lowering limits' market-wide.
Wind deductibleunstated; Master Deed Art. XXII makes the owner pay any deductible shortfall when a covered loss hits owner-maintained items (HVAC, appliances, window/slider glass, interior surfaces)
Floodunstated in budgets; Master Deed Art. XXV requires casualty coverage including windstorm, wind driven rain, water damage and flood damage 'if available'; deed also carries a Coastal Zone / velocity-zone disclosure
DelinquencyDefault on the due date; Board may accelerate the annual assessment on 10 days' notice; after 20 days the Association may foreclose its lien, charge interest at the legal rate plus a Board-set late fee and attorney's fees, and may terminate utility service to the unit until paid (Master Deed Art. XXVIII). By-Laws deem a monthly installment delinquent on the 15th. Assessments receivable were only $1,122 at 9/30/2023 and bad-debt expense is budgeted at $500, indicating very low delinquency. Fines and late fees produced only $331 of revenue in the first nine months of 2023 (Minutes p.2).
What the documents say (25)
“30100 Regular Assessment Revenue 1,829,513 1,917,660 88,147”2026 Approved Operating Budget (a5d1ad22), Revenues, p.1 (2025 / 2026 / variance)
“30300 Insurance Assessment Revenue 300,000 280,000 (20,000)”2026 Approved Operating Budget (a5d1ad22), Revenues, p.1
“TOTAL INCOME 2,271,513 2,339,660 68,147 3.00%”2026 Approved Operating Budget (a5d1ad22), Revenues, p.1
“99910 YTD General Reserve Funding 383,000 442,300 59,300”2026 Approved Operating Budget (a5d1ad22), Other Expenses, p.1
“83310 Master HO6 Ins Expense 142,000 142,000”2026 Approved Operating Budget (a5d1ad22), Other Expenses, p.1
“30100 Regular Assessment Revenue 1,699,949 1,718,556”2024 Approved Operating Budget (81ffedda), Revenues, p.1 (2023 / 2024)
“30300 Insurance Assessment Revenue 275,000 360,000”2024 Approved Operating Budget (81ffedda), Revenues, p.1 (2023 / 2024)
“99910 YTD General Reserve Funding 282,565 282,565”2024 Approved Operating Budget (81ffedda), Other Expenses, p.1 (2023 / 2024)
“30100 Regular Assessment Revenue 1,583,747 1,699,949 116,203”2023 Approved Operating Budget (21060aca), Revenues, p.1 (2022 / 2023 / variance)
“30300 Insurance Assessment Revenue 255,803 275,000 19,197”2023 Approved Operating Budget (21060aca), Revenues, p.1 (2022 / 2023 / variance)
“TOTAL INCOME 1,960,849 2,107,208 146,358 7.46%”2023 Approved Operating Budget (21060aca), Revenues, p.1
“57 Type B/Br - 1 Bedroom 67,200 3,830,400 0.0038164254 609.88 89.05 46.90 746.00”2026 Approved Operating Budget (a5d1ad22), 2026 dues table, p.1 (regular / insurance / HO6 / total monthly)
“She stated that the budget reflected a 5.68% increase.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 8.B 2024 Operating Budget, p.4
“She added that of the $119,660 in total operating expenses increased over 2023, that $101,054 was directly related to insurance expenses.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 8.B 2024 Operating Budget, p.4
“He shared that the Association was able to maintain its coverage on the swimming pools and water features and did not have a wind-driven rain sublimit and had an extremely broad all-in endorsement.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 6.B Insurance Review, p.2
“As a result of the continued tightening in the industry, the Association should expect an increase in premium in 2024.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 6.B Insurance Review, p.2
“Regarding the balance sheet (Exhibit "D"), he reported that there was $15,616 cash in the operating account, $171,453 in the insurance escrow, $1,122 in assessments receivable, $13,000 in utility deposits and $275,902 in prepaid insurance, and $12,550 in other prepaid for total operating assets of $488,893.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 6.C Financial Position Summary, p.2
“noting that the total current assets were $861,059.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), Reserves Review, p.3 (speaker name omitted)
“noted that to date, $211,924 had been funded into the reserves.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), p.3 (speaker name omitted)
“noting that as of year-end 2022, the Association had assets totaling $1,243,709.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 6.A Audit Position, p.2 (speaker name omitted)
“Should the Board of Directors at any time determine, in the sole discretion of the Board of Directors, that the assessments levied are or may prove to be insufficient to pay the costs of operation and management of the Condominium, or in the event of emergencies, said Board of Directors shall have the authority to levy such additional assessment or assessments as it shall deem necessary.”Master Deed (72a4e28f), Article XXVIII.D, p.25
“the ASSOCIATION is hereby granted the right, at any time any assessment, installment or accelerated installment is not paid within twenty (20) days after its due date, to terminate utility service to the delinquent OWNER'S UNIT.”Master Deed (72a4e28f), Article XXVIII.K, p.27
“The Board of Directors of the Association shall cause the Common Elements to be inspected and evaluated approximately every three (3) years by a professional engineer, architect or other qualified professional, who shall then render a report to the Board of Directors on recommendations for repairs and maintenance of the Common Elements,”Master Deed (72a4e28f), Article XXIII, p.19
“The Board of Directors shall have the power to borrow money for the purpose of repair or restoration of the Common Areas or for the purpose of funding budgetary shortfalls, without the approval of the membership;”By-Laws, Exhibit E (8e064f50), Article III, Section 21, p.31
“60000 Electricity (Common/Units) 195,000 195,000”2026 Approved Operating Budget (a5d1ad22), Utilities, p.1
05

Who's really in charge?

Caution

Who holds the power the documents hand out: an owner-elected board, or a developer or commercial-unit owner with deed-level rights over rentals, guest services and the building's name.

The board is owner-elected in practice (five-member owner-elected Board in 2023, which the By-Laws permit only after Class II control ends) and every developer right expires no later than November 1, 2026, but the four commercial units hold a deed-level monopoly on rental management, front desk, key handling, concierge and guest services, can enforce it by suit with attorney's fees, cannot be bound by Association rules without developer consent, and that restriction can be changed only with developer consent plus a unanimous owner vote; the monopoly is the guide's 1 marker, the elected board pulls it to 2.

Commercial unitYes, with its own deed rights
On-site operatorOn-site commercial management company (not named in the deed or rules); the 2023 annual meeting minutes list attendees from Brittain Resorts and Hotels alongside Paradise Resort staff. HOA management: Ally Management, Inc.
BoardBy-Laws: 3 to 7 directors; initial 3 appointed by the Grantor (Class II member); after Class II control ends, 5 directors elected by members with staggered 3/2/1-year initial terms and 2-year terms thereafter; removal by majority of members; President, VP, Secretary, Treasurer elected from the Board. In practice the Oct 2023 meeting had a 5-member board, three seats up for election, five homeowner candidates, 51% quorum met by proxy.
Developer rightsGrantor Paradise Resort, LLC is the sole Class II member with 4 votes per unit it owns, the right to appoint a majority of the Board, and (By-Laws Art. III Sec. 3) a veto over all Board and committee actions so long as Class II membership exists; Class II membership and director-appointment power terminate no later than November 1, 2026 (or earlier by recorded instrument; no such instrument is in this set). Grantor may add phases up to 475 residential units until November 1, 2026, grant amenity easements to other properties in the Firebird and Surf & Dunes PUD, grant utility/cable easements without consent, approve or deny timeshare plans, and must consent to amendments touching its rights, the maintenance article (Art. XXIII) and the commercial-activity restriction. Grantor directors and the Grantor as a member need not recuse on self-interested management contracts. Contracts signed during Class II control must be terminable on 90 days' notice. The Grantor or an affiliate may be employed as the Association's managing agent (By-Laws Art. III Sec. 19(a)). Context: the By-Laws allow a five-member Board only after Class II control ends, and the Oct 2023 minutes show a five-member Board with three seats filled by owner election, which is consistent with Class II control having already terminated even though no terminating instrument is in this set; in any event every Class II right expires no later than November 1, 2026.
Commercial-unit rightsFour commercial units (C-1 lobby/check-in/guest services/laundry/maids closets/exercise room/elevator #5/roof antenna easement; C-2 retail; C-3 convenience store; C-4 restaurant and bar) hold a deed-level monopoly on all commercial activity in the regime, expressly including general rentals, rental-management service for residential units, key pick-up and drop-off, front desk, concierge, cable, internet and phone service to units, laundries, restaurant and bar. Owners may not use common elements for the business of renting; only C-1 may use maids closets and linen chute; C-4 may sell food and alcohol anywhere on the common elements; commercial units hold an exclusive advertising easement over corridors, elevators and the building exterior and control movable signs; they may alter non-structural components without Board consent; Association rules cannot bind the commercial units without Grantor consent; any commercial owner may sue for specific performance of Art. XV with attorney's fees (exempt from arbitration); commercial-unit rights can be changed only with written consent of the Grantor and all commercial owners. The C-1 owner also holds a deed easement to use the common elements for 'waiter or room service, laundry service, maid service, and general condominium management services' (Art. VIII p.10), and if the Grantor supplies cable/internet, all in-unit wiring for it is a C-1 limited common element (Art. IX p.11). The Board may approve amenities whose access and cost are shared with nearby hotels or condominiums (Art. XXI p.17; By-Laws Art. III Sec. 22, 2/3 of directors).
VotesClass I: one vote per unit weighted by percentage interest in the common elements (co-owners designate one voting member); Class II (Grantor): four votes per unit owned. Proxies allowed; quorum 51% of total vote; special meeting on petition of 10% of votes; 2/3 of directors needed for shared-amenity agreements with other properties.
Changing the deedMaster Deed: proposed by majority of Board or members owning a majority of units, adopted by 67% of members owning a unit at a special meeting; unanimous owner and mortgagee consent to change percentage interests or assessment apportionment; Grantor consent for Grantor rights; Grantor plus all commercial owners for commercial rights; termination of the regime requires unanimous owners and lienholders. By-Laws: 67% of total votes including 67% of non-Grantor votes, effective on recording. Rules: Board alone.
Disputes or lawsuitsNo litigation disclosed; FY2022 audit received a clean opinion. Master Deed Art. XXXVII waives jury trial and Art. XXXVIII imposes mandatory notice-negotiation-mediation-binding arbitration (with strict 30/15-day deadlines after which claims are waived) for all claims involving the Grantor, Association, owners or contractors, except assessment collection, TROs, suits between owners not involving the Association, and commercial-unit enforcement of Art. XV. The procedure is asymmetric: the Association's own suits to collect assessments are 'Exempt Claims' it may bring in court, while an owner's claims against the Association must go through the arbitration track.
What the documents say (14)
“The power of the GRANTOR, its successors or assigns, to designate Directors as above referred to shall terminate no later than the 1st day of November 2026.”Master Deed (72a4e28f), Article XXXIII, p.33
“In any event, the Class II membership shall terminate no later than November 1, 2026.”By-Laws, Exhibit E (cd94d0b0), Article II, Section 2, p.2
“So long as the Class "II" membership exists, the Class "II" member shall have a veto power over all actions of the Board and any committee, as is more fully provided in this Section.”By-Laws, Exhibit E (8e064f50), Article III, Section 3, p.25-26
“At the first annual meeting after the termination of Class II control, five (5) Directors shall be elected.”By-Laws, Exhibit E (8e064f50), Article III, Section 6(b), p.26
“It was noted that five (5) homeowners had responded to the request for owners to complete and return the resume form if he / she were interested in serving on the Board of Directors.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 7. Election of Directors, p.3
“At such meeting, the amendment or amendments proposed must be approved by an affirmative vote of sixty-seven (67%) percent of the MEMBERS owning a UNIT in the Condominium in order for such amendment or amendments to become effective.”Master Deed (72a4e28f), Article XXX, p.30
“Thereafter and otherwise, but subject to the provisions hereinafter provided, these By-Laws may be amended only by the affirmative vote (in person or by alternate) or written consent of Voting Members representing sixty-seven (67%) percent of the total votes of the ASSOCIATION, including sixty-seven (67%) percent of the votes of Members other than the GRANTOR.”By-Laws, Exhibit E (8e064f50), Article VI, Section 6, p.35
“Without limiting the commercial activities reserved in favor of the COMMERCIAL UNIT(S) as set forth in this Master Deed, the COMMERCIAL UNIT(S) may be used for all legal commercial or business purposes including, but not limited to, purposes of general rentals, management service for the RESIDENTIAL UNITS and other rental property and related accommodation services, such as key pick up and drop off, front desk, concierge, cable, movie, internet, wireless broadband, and telephone service to RESIDENTIAL UNITS and other rental property, shops, stores, sales, vending, gaming machines, if permitted by law, cell towers, guest laundries, restaurant, lounge, game room, real estate sales, health spa, night clubs or any combination of such uses whether or not related to any phase or subsequent phase.”Master Deed (72a4e28f), Article I.B Definitions, p.3
“Provided, however, any such rules or regulations that purport to diminish, abrogate, or in any way effect the COMMERCIAL UNITS, including the LIMITED COMMON ELEMENTS appurtenant thereto or other rights reserved herein in favor of the GRANTOR, its successors and assigns, relative to the UNITS, COMMERCIAL UNITS, COMMON ELEMENTS, LIMITED COMMON ELEMENTS, or any other portion of the Condominium shall not be binding upon the GRANTOR, its successors and assigns, unless and until the GRANTOR consents in writing to the same.”Master Deed (72a4e28f), Article XVI, p.14
“Any owner of a COMMERCIAL UNIT shall have the right to specifically enforce the provisions of Article XV restricting the right or authority of the Association or the OWNERS of other UNITS to conduct commercial activities.”Master Deed (72a4e28f), Article XXXI.F, p.32
“Furthermore, a perpetual, appurtenant, exclusive easement for advertising is hereby reserved over the corridors, passageways, elevators, building exterior, and other COMMON ELEMENTS, which easement is a LIMITED COMMON ELEMENT for the exclusive use and benefit of COMMERCIAL UNITS C-1, C-2, C-3 AND C-4 and the OWNER thereof.”Master Deed Exhibit B (72a4e28f), Exhibit B, p.47
“Any representative of GRANTOR serving on the Board of Directors of the ASSOCIATION shall not be required to disqualify himself upon any vote from any management contract or other matter between GRANTOR and the ASSOCIATION, where the GRANTOR may have a pecuniary or other interest.”Master Deed (72a4e28f), Article XXXIII, p.33
“This subsection 4 is an agreement of the Bound Parties to arbitrate all Claims except Exempt Claims and is specifically enforceable under the applicable arbitration law of the State of South Carolina.”Master Deed (72a4e28f), Article XXXVIII.B.4(b), p.37
“No management contract may have a term in excess of one (1) year and must permit termination by either party with cause or penalty on ninety (90) days or less written notice.”By-Laws, Exhibit E (8e064f50), Article III, Section 19(b), p.30
03 Pros and cons

For the owner who runs it themselves.

The same building reads very differently to an owner on the rental program and an owner on Airbnb. This list is for the second one.

Working for you

  • The Master Deed expressly protects every owner's right to rent or lease the unit, and the Rules confirm owners may rent 'either personally, or through an off-site rental management company' (Master Deed Art. XV p.13; Rules p.4)
  • No minimum stay, no rental-term cap, no renter age limit and no cap on the number of rentals appears anywhere in the deed, by-laws or rules (Master Deed Art. XV; Rules Nov 2021)
  • Dues cover in-unit electricity, water/sewer, cable and internet, trash, monthly interior pest control, a master HO-6 policy and the master property policy, so the owner's own utility bills are minimal (2026 Budget p.1, lines 60000-60500, 83300, 83310)
  • Reserve funding is $442,300, 18.9% of the 2026 budget, up from $282,565 in 2022-2024 and $383,000 in 2025 (2026 Budget p.1, line 99910; 2024 Budget p.1)
  • Total assessments rose only 3.00% for 2026 and about 2% for 2025 after 5.68% (2024) and 7.46% (2023); a 1-bedroom B unit went from $625 to $746/month over 2022-2026 (2026 Budget p.1; 2024 Budget p.2; 2023 Budget p.2; Minutes p.4)
  • No special assessment is mentioned in any budget or in the 2023 minutes; the 2024 capital projects listed (balcony concrete, pool heater, ADA lift, elevator landings, pool drains) were discussed with no special assessment or loan mentioned, although the minutes do not state their funding source (Minutes p.3-4)
  • Insurance expense fell to $280,000 for 2026 from the $360,000 peak in 2024, and the broker reported no wind-driven rain sublimit, retained pool coverage and a broad all-in endorsement (2026 Budget p.1; 2024 Budget p.1; Minutes p.2)
  • FY2022 audit received a clean opinion, assessments receivable were only $1,122 at 9/30/2023 and bad debt is budgeted at $500, pointing to very low delinquency (Minutes p.2; 2026 Budget p.1)
  • Pools and all other common elements are open to owners' guests and invitees by perpetual easement; the Association itself mails wristbands and parking passes to non-program units (Master Deed Art. VIII p.10; Rules p.2-3)
  • Owners (but not renters or guests) may keep pets, subject to the Master Deed's requirement of the Board's express written consent, leash and pool-deck limits (Rules p.2, Pets; Master Deed Art. XVI p.14-15)
  • Fines for occupant violations are assessed first against the occupant, and a sanction normally requires written notice, a 10-day challenge window, a hearing and an appeal to the Board, although the Board may instead use self-help or sue without that procedure (By-Laws Art. III Sec. 23(a)-(d), 8e064f50 p.32)
  • Management contracts are capped at one year and terminable on 90 days' notice, and the deed requires a professional engineering inspection of the common elements every three years with reports open to owners (By-Laws Art. III Sec. 19(b) p.30; Master Deed Art. XXIII p.19)
  • Owner-elected board in practice: five homeowner candidates ran for three seats at the 2023 annual meeting with a 51% quorum reached (Minutes p.1, p.3)
  • The By-Laws require an annual audited report by an independent CPA within 120 days of year end, open Board meetings, and member inspection of the books, minutes and membership register (By-Laws Art. III Sec. 16 and Sec. 20(g), Art. VI Sec. 4, 8e064f50 p.28, p.31, p.34)
  • Fines and late fees produced only $331 of revenue in the first nine months of 2023, suggesting the fine schedule is rarely applied in practice (Minutes p.2, 6.C Financial Position Summary)
  • The swimming pools, Jacuzzi and lazy river are Association common elements maintained from reserves, not commercial-unit property, so off-program guests have the same deed right to them as program guests (Rules p.3 Swimming Pools; Minutes p.3 Reserves Review; Master Deed Art. VIII p.10)

Watch-outs

  • Every listing must carry the all-caps disclaimer that the rental includes no front-desk service or access to certain commercial operations, and may not mention or show the Tiki Bar, Sandals Restaurant, front desk or housekeeping in text or photos; guests must be sent the Rules before arrival (Rules p.4, Commercial Areas)
  • Owner must keep the Association's occupancy registry current for every guest and name a single contact who can respond on behalf of the unit within 30 minutes to any violation or emergency (Rules p.4, Unit Occupancy)
  • Fines start at $200 per infraction plus $50 per day for willful violations, $250+ per smoking incident anywhere including balconies, violations during guest occupancy count against the owner, the Board's hearing decision is final, and fines become a lien and personal obligation (Rules p.3, p.4-5)
  • Renters and guests may not bring pets, and the property is fully non-smoking inside units and on balconies, so a pet-friendly or smoker-tolerant listing is impossible (Rules p.2 Pets; p.3 Smoking)
  • The four commercial units hold a deed-level monopoly on rental management, front desk, key pick-up/drop-off, concierge, cable/internet/phone and housekeeping infrastructure; owners may rent but may not use any common element 'to engage in the business of renting', only C-1 may use maids closets and the linen chute, and this restriction can only be amended with Grantor consent plus a unanimous owner vote (Master Deed Art. I.B p.3, Art. XV p.13-14)
  • A commercial-unit owner may sue the Association or any owner for specific performance of Art. XV and recover attorney's fees, and Association rules cannot bind the commercial units without the Grantor's written consent (Master Deed Art. XXXI.F p.32; Art. XVI p.14)
  • The 2nd-floor exercise room, elevator #5, the laundry and the maids closets are Limited Common Elements of Commercial Unit C-1, not Association amenities, so off-program guests have no deed right to the fitness room (Master Deed Exhibit B, 72a4e28f p.46)
  • On paper the developer keeps Class II membership with 4 votes per unit, the right to name a Board majority and a veto over every Board action for as long as it still owns a unit, and in any case no later than November 1, 2026; Grantor directors need not recuse on self-interested contracts; no recorded instrument terminating Class II control is in this set, although the five-member owner-elected Board seen in Oct 2023 is only possible under the By-Laws after Class II control has ended (Master Deed Art. XXXIII p.33; By-Laws Art. II Sec. 2 cd94d0b0 p.2; By-Laws Art. III Sec. 2-3 and Sec. 6(b), 8e064f50 p.24-26; Minutes p.1, p.3)
  • Insurance is volatile and split across three lines totaling $437,000 (18.7% of budget); the insurance assessment jumped 31% in 2024 ($275,000 to $360,000) and the broker warned of a tightening market; wind/named-storm deductible and flood coverage are not disclosed anywhere in this set (2024 Budget p.1; 2026 Budget p.1; Minutes p.2)
  • Reserve-fund current assets were reported at $861,059 at 9/30/2023 for a 20-story 2006 oceanfront tower already doing concrete balcony repairs, waterproofing/painting and elevator upgrades; no reserve study and none of the deed-required three-year engineering inspection reports are in the set (Minutes p.3; Master Deed Art. XXIII p.19)
  • The deed carries a South Carolina Coastal Zone / Beach Management Act disclosure that the project may sit seaward of setback lines and inside the FEMA velocity zone (Master Deed p.1-2)
  • The Association must hold a working key or access code to every unit, lock changes need Board approval and lockboxes are banned from hallways and stairwells, complicating remote key handoff (Rules p.2; Master Deed Art. XVIII p.15)
  • The Rules require every owner to carry an HO-6 policy with liability and contents coverage 'if not provided by the HOA', while the Association separately bills residential units a $29-$126/month master HO-6 component whose coverage is not described anywhere in the set, so owners should confirm what the master HO-6 covers before relying on it (Rules p.4 Insurance; 2026 Budget dues table p.1; Master Deed Art. XXIV p.19)
  • The Association may cut off utilities to a unit 20 days delinquent, accelerate the full annual assessment, and foreclose; a buyer in a voluntary sale is jointly liable for the seller's unpaid assessments (Master Deed Art. XXVIII.H, K, M p.26-28)
  • All disputes with the Association or developer go to mandatory negotiation, mediation and binding arbitration with jury-trial waiver and short deadlines after which the claim is deemed waived (Master Deed Art. XXXVII-XXXVIII p.34-39)
  • Part of the parking supply is a 139-space non-exclusive easement over separately owned lots across the street (owned by the developer at recording; current owner unstated) whose owner may relocate or reconfigure the spaces and set parking rules, while the Association pays their maintenance, taxes and insurance; the Rules also refer to an on-site parking garage, and golf carts, motorcycles and oversized vehicles are pushed to the lots across the street (Master Deed Exhibit A, 72a4e28f p.43-44; Rules p.3 Parking)
  • Trash must be carried by hand to a bin on the ground floor of the parking garage and bulky items hauled off-site at the owner's expense; move-ins and contractors are restricted to business hours with front-desk sign-in (Rules p.3-4)
  • The Board can borrow for repairs or budget shortfalls without a member vote (a majority member vote is required only when borrowing to add or modify amenities; a second condition in that clause is garbled in the OCR) and may levy additional assessments at its sole discretion whenever it deems dues insufficient (By-Laws Art. III Sec. 21, 8e064f50 p.31; Master Deed Art. XXVIII.D p.25)
  • Every owner's right to rent is expressly 'subject to all terms and conditions of the Master Declaration' of the Firebird and Surf & Dunes PUD, and the By-Laws empower the Board to collect assessments owed under it, but that Master Declaration is not in this set (Master Deed Art. V p.9, Art. XV p.13; By-Laws Art. III Sec. 18(o)-(p), 8e064f50 p.29-30)
  • The pools and other amenities can be opened to guests of nearby hotels or condominiums: the developer may grant amenity easements to other Firebird and Surf & Dunes PUD properties, and the Board may approve amenities whose access and cost are shared with nearby hotels or condominiums on a 2/3 director vote (Master Deed Art. IV p.7, Art. XXI p.17; By-Laws Art. III Sec. 22, 8e064f50 p.31)
  • When a covered loss damages owner-maintained items (HVAC, appliances, window and slider glass, interior finishes) the owner pays whatever the Association's policy deductible leaves uncovered, and no deductible amount is disclosed; the budgets also carry a $15,000 'Insurance Loss Expense' line (Master Deed Art. XXII p.17-18; 2026 Budget p.1 line 83305)
04 The money

What you pay, and where it goes.

An HOA fee is a share of a budget. The budget tells you whether the fee is buying upkeep or catching up on it.

Regular assessments, 2026

Unit typePer monthPer year
Type A1 - Efficiency (34 units, 0.239% interest)$467$5,604
Type A2 - 3 Bedroom (34 units, 0.784%)$1,533$18,396
Type B/Br - 1 Bedroom (57 units, 0.382%)$746$8,952
Type B1 - 1 Bedroom (19 units, 0.387%)$756$9,072
Type C - 2 Bedroom (19 units, 0.579%)$1,132$13,584
Type D - 2 Bedroom (19 units, 0.565%)$1,104$13,248
Type E - 1 Bedroom (19 units, 0.345%)$674$8,088
Type Fr - 3 Bedroom w/ Lockout (4 units, 1.023%)$2,000$24,000
C1 - Commercial (1.237%, no HO6 component)$2,265$27,180
C2 - Commercial (0.650%)$1,190$14,280
C3 - Commercial (0.650%)$1,190$14,280
C4 - Commercial (1.180%)$2,161$25,932

What the dues cover

Electricity for common areas AND units (line 60000 'Electricity (Common/Units)', $195,000; deed describes commonly metered electric, water and other utilities consumed by each unit)Water/sewer ($120,000)Fuel ($80,000)Cable & internet ($98,840)Trash removal ($55,000)Interior pest control with monthly in-unit spraying ($27,337)Master property/casualty insurance ($280,000) and a master HO-6 policy for residential units ($142,000)Pool attendant, pool supplies, contract security patrol, elevator and fire-system maintenance, landscaping, janitorial, maintenance contractManagement services (Ally Management) $36,165Reserve funding $442,300

Where the budget goes

YTD General Reserve Funding$442,300 · 19%
Maintenance Contract$296,066 · 13%
Insurance Expense$280,000 · 12%
Electricity (Common/Units)$195,000 · 8%
Master HO6 Ins Expense$142,000 · 6%
Contract Security Patrol$128,660 · 6%
Water/Sewer$120,000 · 5%
Pool Supplies and Repairs$110,000 · 5%
The figures, in the documents' words (25)
“30100 Regular Assessment Revenue 1,829,513 1,917,660 88,147”2026 Approved Operating Budget (a5d1ad22), Revenues, p.1 (2025 / 2026 / variance)
“30300 Insurance Assessment Revenue 300,000 280,000 (20,000)”2026 Approved Operating Budget (a5d1ad22), Revenues, p.1
“TOTAL INCOME 2,271,513 2,339,660 68,147 3.00%”2026 Approved Operating Budget (a5d1ad22), Revenues, p.1
“99910 YTD General Reserve Funding 383,000 442,300 59,300”2026 Approved Operating Budget (a5d1ad22), Other Expenses, p.1
“83310 Master HO6 Ins Expense 142,000 142,000”2026 Approved Operating Budget (a5d1ad22), Other Expenses, p.1
“30100 Regular Assessment Revenue 1,699,949 1,718,556”2024 Approved Operating Budget (81ffedda), Revenues, p.1 (2023 / 2024)
“30300 Insurance Assessment Revenue 275,000 360,000”2024 Approved Operating Budget (81ffedda), Revenues, p.1 (2023 / 2024)
“99910 YTD General Reserve Funding 282,565 282,565”2024 Approved Operating Budget (81ffedda), Other Expenses, p.1 (2023 / 2024)
“30100 Regular Assessment Revenue 1,583,747 1,699,949 116,203”2023 Approved Operating Budget (21060aca), Revenues, p.1 (2022 / 2023 / variance)
“30300 Insurance Assessment Revenue 255,803 275,000 19,197”2023 Approved Operating Budget (21060aca), Revenues, p.1 (2022 / 2023 / variance)
“TOTAL INCOME 1,960,849 2,107,208 146,358 7.46%”2023 Approved Operating Budget (21060aca), Revenues, p.1
“57 Type B/Br - 1 Bedroom 67,200 3,830,400 0.0038164254 609.88 89.05 46.90 746.00”2026 Approved Operating Budget (a5d1ad22), 2026 dues table, p.1 (regular / insurance / HO6 / total monthly)
“She stated that the budget reflected a 5.68% increase.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 8.B 2024 Operating Budget, p.4
“She added that of the $119,660 in total operating expenses increased over 2023, that $101,054 was directly related to insurance expenses.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 8.B 2024 Operating Budget, p.4
“He shared that the Association was able to maintain its coverage on the swimming pools and water features and did not have a wind-driven rain sublimit and had an extremely broad all-in endorsement.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 6.B Insurance Review, p.2
“As a result of the continued tightening in the industry, the Association should expect an increase in premium in 2024.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 6.B Insurance Review, p.2
“Regarding the balance sheet (Exhibit "D"), he reported that there was $15,616 cash in the operating account, $171,453 in the insurance escrow, $1,122 in assessments receivable, $13,000 in utility deposits and $275,902 in prepaid insurance, and $12,550 in other prepaid for total operating assets of $488,893.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 6.C Financial Position Summary, p.2
“noting that the total current assets were $861,059.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), Reserves Review, p.3 (speaker name omitted)
“noted that to date, $211,924 had been funded into the reserves.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), p.3 (speaker name omitted)
“noting that as of year-end 2022, the Association had assets totaling $1,243,709.”16th Annual Members' Meeting Minutes, Oct 27 2023 (b2f082b6), 6.A Audit Position, p.2 (speaker name omitted)
“Should the Board of Directors at any time determine, in the sole discretion of the Board of Directors, that the assessments levied are or may prove to be insufficient to pay the costs of operation and management of the Condominium, or in the event of emergencies, said Board of Directors shall have the authority to levy such additional assessment or assessments as it shall deem necessary.”Master Deed (72a4e28f), Article XXVIII.D, p.25
“the ASSOCIATION is hereby granted the right, at any time any assessment, installment or accelerated installment is not paid within twenty (20) days after its due date, to terminate utility service to the delinquent OWNER'S UNIT.”Master Deed (72a4e28f), Article XXVIII.K, p.27
“The Board of Directors of the Association shall cause the Common Elements to be inspected and evaluated approximately every three (3) years by a professional engineer, architect or other qualified professional, who shall then render a report to the Board of Directors on recommendations for repairs and maintenance of the Common Elements,”Master Deed (72a4e28f), Article XXIII, p.19
“The Board of Directors shall have the power to borrow money for the purpose of repair or restoration of the Common Areas or for the purpose of funding budgetary shortfalls, without the approval of the membership;”By-Laws, Exhibit E (8e064f50), Article III, Section 21, p.31
“60000 Electricity (Common/Units) 195,000 195,000”2026 Approved Operating Budget (a5d1ad22), Utilities, p.1
05 Rules your guests will feel

What to put in the house manual.

Fines for these land on the owner, not the guest.

PetsOnly owners may have pets (service animals/ADA accommodations excepted), so renters and guests may not bring pets; pets leashed at all times, never on pool decks, service animals never left alone in the unit; Master Deed allows household pets only with the Board's express written consent and requires removal of a nuisance pet on 3 days' notice; dog barking not tolerated.
OccupancyNot to exceed the number specified by law; occupancy registry with contact details required for every occupant.
SmokingEntire property is non-smoking, including inside units and on balconies; vaping included; fines start at $250 per occurrence.
ParkingMarked spaces only, one space per vehicle; no double parking, curb or grass parking; no vehicle washing or repairs; vehicles may not be stored longer than the guest's stay; parking passes distributed by the owner for non-program units; towing at owner's expense. Parking is a 139-space non-exclusive easement on third-party lots that may be relocated or reconfigured by that owner, who may also set parking rules.
Golf carts, motorcycles, trailersNo trailers, campers, mobile homes, motor homes, jet skis, boats, recreational equipment or trailer-mounted catering equipment; golf carts only in the lot across the street; motorcycles only on the first floor of the garage or across the street; oversized vehicles across the street; unregistered, abandoned or inoperable vehicles towed.
GrillsGrilling strictly prohibited anywhere on the property (units, hallways, balconies, common areas) unless the Association provides a designated area; no trailer-mounted grills.
AgeNo minimum renter age stated; children under 14 not allowed in pool areas without an adult; adult supervision required for children on the grounds.
AlsoFireworks prohibited; skateboards, skates and roller blades prohibited; quiet hours 11PM-7AM; pool hours 9AM-11PM with no speakers, coolers, glass, outside alcohol, hard balls or chair-saving; balcony furniture must be brown, no towels on railings, no storage, no decorations or exterior changes; no holiday decorations or personal items in hallways; no feeding wildlife; no lockboxes in hallways; window treatments need white backing; no satellite dishes or clotheslines; structural or exterior alterations need written Association (and Grantor, while it owns a unit) approval; unauthorized alterations removed within 10 days.
06 Before you write an offer

What to ask the association for.

The documents we had leave these open. Ask for them in the due-diligence period and the score firms up.

Documents read October 2026. Full read: Deed, rules and the money were all on file.

Read this before relying on anything aboveEvery statement on these pages is read from the association's own recorded documents, named on the page, as they stood on the date shown. Boards amend rules, budgets change every year, and a recorded amendment can change a score overnight. Confirm anything you would rely on with the association or your closing attorney before you write an offer. This is not legal, tax or investment advice.
The next step

Have the documents read
for the building you are weighing.

This page says what the association's documents allow, require and cost. It cannot tell you which unit is listed this week, or what the seller's estoppel will say. Tell us the resort and we will read its documents against this framework, or pull them if you are under contract.

We use the numbers on this page to answer you specifically. No list, no drip sequence — a person reads it.