HOA Risk Assessment · Myrtle Beach oceanfront

Dunes Village Resort.

Workable with rules. You can self-manage, but the rules shape how. Read the watch-outs before you price it.

Read from 10 association documents dated 2007–2026: Dunes Village Horizontal Property Regime — Dunes Village Resort. This page answers one question: what is it like to own here and rent it out yourself?

60OUT OF 100
Workable with rules

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?Favorable
How much work lands on you?Typical
Is the money healthy?Typical
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.pdf2007· truncatedBylaws.pdf2023Dunes Village - Off Site Rental Rules.pdf2022Dunes Village - Assessments.pdf2026· partialDunes Village - Resort Map.pdf· image-onlyHOA Info.pdf2026Rental Info.pdf2024· partialMaster Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy)2007Dunes Village off-site rental rules (management email, Sept 2022)2022Pan American Property Owner Association, Inc. - 2024 Profit & Loss Budget Overview (supplied with the same listing; NOT a Dunes Village budget)2024
✓Master deed / declarationOn file
BylawsNot on file
✓Rules & regulationsOn file
✓Current budget with dues scheduleOn file
Latest annual meeting minutesNot on file
Insurance summaryNot on file
Reserve studyNot on file

More than one association at this resort.

Each tower or phase here is its own regime with its own deed, budget and rules. This page covers Dunes Village Horizontal Property Regime, administered by Dunes Village Property Owners' Association, Inc. (a South Carolina mutual-benefit nonprofit corporation with members, Articles filed August 2007). Also documented: Pan American Horizontal Property Regime, administered by Pan American Property Owners' Association, Inc. → 52

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.

The complete Master Deed and original By-Laws confirm STR is allowed with no minimum stay or owner-use cap, owners may self-manage or use any off-site manager, and the Association itself is barred from rental management; but every guest must register through the commercial-unit front desk, the unit cannot serve as a key/booking office, the marks owner may regulate advertising, off-site managers need a $5M umbrella with proof before starting, and the Board's current Rules that could add limits are still not in the set.

Short-term rentalsAllowed
Must use on-site programNo
Owner may rent it personallyYes
Off-site manager allowedYes
Owner-use limitsunstated - no owner-use cap or minimum stay in the complete Master Deed (Articles I-XXXIX read in full), the original 2007 By-Laws (Exhibit E), the RAM letter/email or the HOA Info answers; the Board's current Rules and Regulations are not in the set. Common-element rights extend to an owner's guests and invitees only while they are in residence overnight (Master Deed Art. VII, p. 18). Owners may rent, but may not use the unit, its hallway owner's closet or any common element as a rental office: no dispensing keys (including lock-box keys), booking rentals or providing rental/cleaning services from the unit (Master Deed Art. IV, XIV). The By-Laws bar the Association itself from rental management, so there is no Association-run program and no deed or bylaw requirement to use the on-site operator.
RegistrationEvery owner, rental guest and invitee must register name, address, license plate, length of stay and unit with the Association before occupying a unit or using the garage; the CU-1 owner (front desk) is the exclusive registration agent and is expressly not liable for how it performs that duty or for anyone's failure to register. Vendors (cleaners, laundry, delivery, repair, rental managers) must register too. In practice (RAM email, Sept 2022) off-program guests present an owner memo/reservation and ID at the front desk, sign a pool waiver, and receive waterpark wristbands and garage/gate/fitness keys. Off-site rental management companies must carry $1M/$2M general liability plus a $5M umbrella naming the Association as additional insured, furnish proof to the Association before starting operations, and post a contact placard in each unit they manage. RAM asks owners to keep a current owner/emergency contact form and unit access codes/keys on file and to share the rules with their rental company.
Advertising rulesThe owner of the 'Dunes Village' / 'Dunes Village Resort' service marks (Pan American Vacations Management, LLC) reserves the right to impose rules on how owners and rental managers use the names and photos in rental advertising so as not to mislead about inventory size or available guest services. No 'For Rent'/'For Sale' or other signs visible from outside the unit. No specific ad rules are reproduced in this set.
Vote to change rental rulesMaster Deed: 67% of undivided interest in the common elements (Art. XXIX(B), p. 45); but any amendment of Article XIV (residential use / renting / commercial-activity restriction) also requires the express written consent of all four Commercial Unit owners (Art. XXIX(A)(4)), and any change to Commercial Unit rights needs the affected CU owner's consent. Association rules cannot bind the Commercial Units without their written consent (Art. XV). By-Laws: 67% of the total votes of the Association (51% quorum), and no bylaw provision reserving a right to the Grantor or a Commercial Unit owner may be amended without that party's express written consent (Exhibit E Art. VI Sec. 6, p. 99).
What the documents say (17)
“With the exception of the COMMERCIAL UNITS, each UNIT is hereby restricted to residential use by the OWNER or OWNERS thereof: their immediate families, guests, licensees and invitees; provided, however, an OWNER may rent his or her UNIT se long as he or she does not use the UNIT itself to dispense keys of any nature, including, without limitatio~ keys to lock boxes, to book rentals, or to otherwise act as the office to rent the UNIT(S) or for providing rental or cleaning services for the UNIT or any other property, which such conduct is expressly prohibited.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Article XIV, p. 23
“RESIDENTIAL UNIT OWNERS and OWNERS of FRACTIONAL INTERESTS or Unit Weeks may rent the UNITS, as applicable, but are restricted against using any part of the COMMON ELEMENTS to engage in the business of renting.”Master Deed.pdf, Article XIV, p. 24
“The ASSOCIATION is not intended to and shall not become involved in the business or practice of rental management of RESIDENTIAL UNITS.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article I Section 4, p. 85
“13. Are short-term rentals allowed? yes”HOA Info.pdf, Q13
“Subject: Dunes Village/Pan American - Off Site Rental Restrictions & Rules”Dunes Village off-site rental rules (management email, Sept 2022), email header, p. 1
“Please review the following reminders so that you and your guests are ensured to have a safe and enjoyable experience. Please be sure to share this information with your rental company. This will allow you to avoid committing any violations.”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, covering paragraph
“The following is for units off their on site rental program...”Dunes Village - Off Site Rental Rules.pdf, opening line
“(I) Prior to occupying any RESIDENTIAL UNIT within the Regime Property, or making use of any part of the COMMON ELEMENTS, including, without limitation, the Parking Garage Premises, all OWNERS, rental guests and other invitees shall first register their names, addresses, automobile license plate numbers, if any, length of stay, and RESIDENTIAL UNIT of occupancy with the ASSOCIATION, (hereinafter, the "Registration Requirement").”Master Deed.pdf, Article XV(C), p. 26
“The OWNER of COMMERCIAL UNIT CU-1 shall be the exclusive designated agent of the ASSOCIATION for the sole and limited purpose of obtaining the necessary information under the Registration Requirement from each OWNER, rental guest and/or invitee upon the Regime Property; including, without limitation, the Parking Garage Premises.”Master Deed.pdf, Article XV(C), p. 26
“THE OWNER OF COMMERCIAL UNIT CU-1, HOWEVER, SHALL IN NO WAY BE LIABLE IN CONNECTION WITH THE PERFORMANCE OF SUCH DUTIES OR THE FAILURE OR REFUSAL OF ANY PERSON TO REGISTER UPON ARRIVAL.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Article XV(C), p. 26
“(D) The Regime Property is hereby further restricted such that any and all rental management companies providing services to any RESIDENTIAL UNIT OWNERS at Dunes Village Horizontal Property Regime shall maintain the following amounts of insurance: General liability coverage in an amount of not less than $1,000,000.00 per occurrence with an aggregate of $2,000,000.00 and an umbrella policy of not less than $5,000,000.00 (provided that such coverage is reasonably available at standard rates from a licensed insurer within the State of South Carolina), with the ASSOCIATION named as an additional insured on all such policies.”Master Deed.pdf, Article XV(D), p. 26
“Proof of such coverage shall be furnished to the ASSOCIATION prior to the commencement of operations within the Regime.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Article XV(D), p. 26
“Additionally, except for the OWNER of COMMERCIAL UNIT CU-1, any and all rental management companies providing services to RESIDENTIAL UNIT OWNERS shall prominently display a placard or other similar materials within each RESIDENTIAL UNIT on their rental program, identifying the name, address, phone number and other contact information for such rental management company and specifically whom to contact for issues regarding the maintenance or cleanliness of the UNIT and/or linen service.”Master Deed.pdf, Article XV(D), pp. 26-27
“GRANTOR further discloses that in the case of OWNERS that desire to rent RESIDENTIAL UNITS, FRACTIONAL INTERESTS or Unit Weeks they own, the owner of the Marks, its successors or assigns, retains rights to impose reasonable rules and regulations concerning the advertisement of UNITS, FRACTIONAL INTERESTS and Unit Weeks for rent by OWNERS and rental managers to prevent use of the names and photographic images of the Marks in a manner that is misleading to the general public as to the size of inventory of UNITS, FRACTIONAL INTERESTS and/or Unit Weeks that are being offered or as to the types of guest services that are available in connection with the rental.”Master Deed.pdf, Article VII, p. 19
“(4) Any amendment of ARTICLE XIV of this Master Deed shall require the express written consent of all of the OWNERS of the COMMERCIAL UNITS;”Master Deed.pdf, Article XXIX(A)(4), p. 45
“Further, no amendment of any provision reserving a right specifically in favor of the GRANTOR may be amended without the GRANTOR'S express consent, and no amendment of any provision reserving a right specifically in favor of the OWNER of a COMMERCIAL UNIT may be amended without such OWNER'S express written consent.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article VI Section 6, p. 99
“Like the UNITS, all such exterior owner's closets are expressly made subject to the restriction and prohibition against commercial activity, and no such storage/owner's closet may be used to dispense keys of any nature, including, without limitation, keys to lock boxes, to book rentals, or to otherwise act as the office to rent the UNIT(S) or for providing rental or cleaning services for the UNIT or any other property, which such conduct is expressly prohibited.”Master Deed.pdf, Article IV, pp. 7-8
02

Will your guests be treated like guests?

Favorable

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 receive the same water-park, pool, fitness and garage access as program guests, with wristbands and keys issued at the front desk on check-in after a pool waiver; they lose only valet, charge-to-unit privileges and any front-desk help after check-in, and the deed limits amenity rights to overnight residents.

Amenities for your guestsMost, not all
Off limits to your guestsValet service (not available to non-rental units), Charging to the unit (restaurant, activities, gift shop, spa), Front desk assistance of any kind beyond issuing wristbands/keys
Wristbands & parking passesFront desk (on-site operator) issues waterpark wristbands and parking garage/gate/fitness center keys to off-program guests who present the owner's memo or reservation and an ID showing unit number and dates, and sign a pool waiver. Cost: unstated. Limits: unstated. Outdoor waterparks have key-card locks. Garage has 676 spaces shared with Pan American (up to 299) and the CU-1 owner may reserve 11 spaces; the Association as a whole is guaranteed at least 366 spaces (Master Deed Art. VI(B), p. 12).
Check-inFront desk handles registration, waiver, wristbands and keys only; it will not otherwise assist off-program guests. Owner must supply the memo/reservation and a contact for problems. Deed-level common-element rights run only to persons 'in residence at overnight accommodations', so day visitors of an off-program owner (friends, prospective guests, photographers) have no deed right to the pools or water parks (Master Deed Art. VII, p. 18).
TrashTrash and linen chutes are limited common elements of CU-1; CU-1 may restrict access to the chute closets but must keep trash disposal available to owners and guests at convenient times on all floors. Linens must not be left outside the unit.
Elevatorsunstated (no service-elevator or vendor-elevator rule in the Master Deed, the original By-Laws or the RAM email); elevators are common elements maintained by the Association
Housekeeping & linenOwner arranges own housekeeping. Daily or weekly maid service by independent contractors is permitted, but only CU-1 may use the on-premises janitorial closets and service chutes. Cleaners must use the 15-minute zone for loading only and park in the garage. Off-site rental companies must post an in-unit placard saying whom to contact for cleanliness/linen issues.
What the documents say (11)
“When you or your guest(s) check-in, please see the front desk to present a memo and/or reservation. Please bring an ID with the unit number & dates of stay so a pool waiver can be filled out. Waterpark wristbands will be given out along with parking garage/gate/fitness center keys. There are key card locks to enter & exit the outdoor waterparks.”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, bullet 2
“Unfortunately, valet service & charging things to the units is not available since your unit isn’t linked to the on-site system and is considered a non-rental. (i.e., Restaurant charges, activities, gift shop, spa)”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, bullet 3
“Please make sure your guests are aware that the front desk will not assist them as they are in a non-rental unit. Please be sure they know who to contact if they need something or have an issue, since the on-site team can’t help them.”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, bullet 6
“Do not put any linens outside of the unit because they will not be able to be retrieved.”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, bullet 7
“The OWNER of COMMERCIAL UNIT CU-1 may in its discretion restrict access to such areas or closets enclosing such service chutes, however, in the event of such restricted access, the OWNER of COMMERCIAL UNIT CU-1 shall continue to make trash disposal available to the UNIT OWNERS, and their guests, at convenient times and on all floors of the Buildings served by such trash service chutes.”Master Deed.pdf, Article IV, pp. 9-10
“In addition, the OWNER of COMMERCIAL UNIT CU-2, its successors and assigns, may from time to time, in its sole discretion, cordon off such portions of the pool deck and sun deck areas and/or reserve seating at such tables (to the exclusion of OWNERS and guests) in order to hold private events.”Master Deed.pdf, Article VI(G), p. 15
“No such exclusive event shall continue for more than six (6) consecutive hours and no more than ten (10) such events may take place in any one calendar year.”Master Deed.pdf, Article VI(G), p. 15
“Pursuant to the Amenity Easement and Reciprocal Easement, all of the pool decks, swimming pools, spas, ground level common area restrooms, exercise room and other pool and ground level pool and sun deck amenities of the Regime (hereinafter, the "Regime Amenities") will be subject to use by certain adjacent accommodation properties in return for the owners and guests in residence within the Regime being able to use the pool and sun decks, swimming pools, spas, ground level common area restrooms and other pool and ground level pool and sun deck amenities located on those reciprocal properties.”Master Deed.pdf, Article VI(E), p. 14
“(A) An OWNER shall be deemed to have delegated to any guest, renter or invitee of the OWNER'S UNIT the right of enjoyment of the COMMON ELEMENTS for the period of time of such occupation or rental.”Master Deed.pdf, Article VII(A), p. 18
“Except as may be specifically set forth herein, 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 Regime for their use and the use of their immediate families, guests, licensees and invitees while (and only while) such persons are in residence at overnight accommodations upon the Regime Property, for all proper and normal non-commercial purposes”Master Deed.pdf, Article VII, p. 18
“provided that (i) the ASSOCIATION, as a whole, shall at all times enjoy the nonexclusive use and enjoyment of not less than three hundred sixty-six (366) parking spaces; and (ii) the Pan American Property Owners, Association, Inc., as a whole, shall at all times enjoy the nonexclusive use and enjoyment of not less than two hundred ninety-nine (299) parking spaces.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Article VI(B), p. 12
03

How much work lands on you?

Typical

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 register guests via memo, keep access codes/keys and an emergency contact form current with management, arrange guest access without knowing whether the operator will cut key cards, run own housekeeping and guest support, supervise vendor parking/registration, and now carries any fine a guest fails to pay; there is no response-time rule, no trash hauling and no fine schedule, and the fining process includes notice and a hearing.

Local contactOwner must give guests a contact for problems because the front desk will not help off-program guests; RAM requires a current owner/emergency contact information form and asks owners to keep it updated. An off-site rental company must post an in-unit placard with its contact. No local-radius or response-time requirement stated in any document.
Locks & keysUnits were built with centralized electronic entry locks (Master Deed Art. XVII, p. 27) and the card-key system for making and printing key cards belongs to the CU-1 owner (Art. VIII, p. 20). Whether off-program owners can obtain key cards from CU-1 or must fit their own lock is unstated; the RAM email's 'not linked to the on-site system' phrase explains only why valet and charge-to-unit are unavailable. RAM requires that unit access 'codes or keys' be kept current with management at all times for emergencies and monthly pest control. Keys, including lock-box keys, may not be dispensed from the unit or the hallway owner's closet (Art. IV, pp. 7-8; Art. XIV, p. 23). The owner maintains the unit's exterior door locks (Art. XXI); the Association must keep accessible keys to all common elements on site (Art. IV, p. 8).
FinesNo dollar fine schedule in this set. The original By-Laws give the Board power to impose 'reasonable fines', which become a lien on the unit, and to suspend voting and common-area use (never ingress/egress). A fine for an occupant's violation is assessed first against the occupant, but if the occupant does not pay within the Board's deadline the owner pays on notice - so guest violations land on the owner. Before any sanction (other than suspending voting for non-payment) the Board must give written notice with at least 10 days to request a hearing before the Covenants Committee or Board, with a 30-day appeal; the Board may also skip that procedure and use self-help (expressly including towing) or sue, with the owner or occupant paying costs and attorney's fees (Exhibit E Art. III Sec. 23, pp. 95-96). Master Deed: owner liable for damage caused by guests or lessees beyond Association insurance proceeds; unauthorized alterations removed within 3 days or Association removes and charges owner; $25 late fee after 20 days, interest at SC judgment rate, acceleration, lien and foreclosure, suspension of voting and common-element use while delinquent; Association recovers attorney's fees when it prevails.
Contractors & vendorsAll service providers (cleaning, laundry, delivery, repair, trash, rental management) must register with the front desk; cleaners load/unload in the 15-minute zone only and park in the garage; only CU-1 may use janitorial closets and service chutes; rental management companies need $1M/$2M GL plus $5M umbrella with the Association as additional insured and must give proof before starting.
AlsoMonthly in-unit pest control entry by the Association's contractor. The developer's one-year limited warranty ran only to original purchasers and expressly disclaimed mildew and other oceanfront climatic problems, which matters for the c.1989 first building (Master Deed Art. XXXVII(B), p. 54). Balcony: max 5 people, no storage, approved patio furniture only, no enclosures/antennas/dishes, uniform window-treatment backing. No signs visible from outside. Whole property is non-smoking including balconies; no pets. Mandatory negotiation-mediation-binding arbitration for most disputes and a jury-trial waiver, with prevailing-party attorney's fees. Owners (and prospective purchasers) are entitled to current copies of the governing documents, books, records and financial statements (Exhibit E Art. III Sec. 18(n), Art. VI Sec. 4).
What the documents say (16)
“Access information to the unit(s): codes or keys are to be current at all times for emergency purposes & to ensure monthly pest control is done.”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, bullet 1
“As the property management company for your Association, it is important that we have up-to-date contact information for an owner or resident in case of an emergency.”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, covering paragraph
“All cleaning service people need to use the 15-minute parking zone for loading and unloading only & please have them park in the parking garage.”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, bullet 8
“Section 23. Enforcement. The Board shall have the power to impose reasonable fines, which shall constitute a lien upon the property of the violating Owner, and to suspend an Owner's right to vote or to use the Common Area for violation of any duty imposed under the Master Deed, any Fractional Documents, these By-Laws, or any rules and regulations adopted hereunder; provided, however, nothing herein shall authorize the ASSOCIATION or the Board of Directors to limit ingress and egress to or from a UNIT.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 23, p. 95
“In the event that any occupant of a UNIT violates the Master Deed, Fractional Documents, By-Lawst 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 ~er shall pay the ../ fine upon notice from the ASSOCIATION.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 23, p. 95 (OCR: '~er' = Owner)
“(iii) a period of not less then ten (1 O) days within which the alleged violator may present a written request to the Covenants Committee, if any as defined herein, or Board of Directors for a hearing; and {iv) a statement that the proposed sanction shall be imposed as contained in the notice unless a challenge is begun within ten (10} days of the notice.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 23(a), p. 96
“the ASSOCIATION, acting through the Board of Directors, may elect to enforce any provision of the Master Deed, any Fractional Documents, these By-Laws, or the rules and regulations of the ASSOCIATION by self-help {specifically including, but not limited to, the towing of vehicles that are in violation of parlcing rules and regulations) or by suit at law or in equity to enjoin any violation or to recover monetary damages or both without the necessity of compliance with the procedure set forth above. In any such action, to the maximum extent pennissible, the Owner or occupant responsible for the violation of which abatement is sought shall pay all costs, including reasonable attorney's fees actually incurred.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 23(d), p. 96
“Daily or weekly maid service is permitted by independent contractors acting for one or more UNIT OWNERS (but excluding OWNERS of FRACTIONAL INTERESTS), but only the OWNER of COMMERCIAL UNIT CU-1 shall be entitled to use the on-premises janitorial closets and service chutes.”Master Deed.pdf, Article XIV, p. 24
“The Registration Requirement set forth above shall also expressly apply to any and all persons entering the Regime Property for purposes of providing food, beverages and other services to the RESIDENTIAL UNIT OWNERS, including, without limitation, pizza delivery, cleaning and laundry service, rental management services and/or repair and trash service.”Master Deed.pdf, Article XV(C), p. 26
“Additionally, the centralized electronic card key system for making and printing key cards is, and shall remain, the property of the OWNER of COMMERCIAL UNIT CU-1, its successors, lessees, licensees or assigns.”Master Deed.pdf, Article VIII, p. 20
“To facilitate entry in the event of any such emergency, the UNITS are equipped with centralized, electronic locks on the entry doors.”Master Deed.pdf, Article XVII, p. 27
“In that regard, ASSOCIATION, or its designated contractor may perform monthly service for pest control which may include spraying within each UNIT and each OWNER of a UNIT (or interest therein) is hereby so notified.”Master Deed.pdf, Article XVIII, p. 28
“(B) The OWNER or OWNERS of each UNIT shall be liable for the expense of any maintenance, repair or replacement rendered necessary by his or their act, neglect or carelessness, or by that of any member of his or their family, or his or their guests, employees, agents or lessees, but only to the extent that such expense is not met by the proceeds of insurance carried by the ASSOCIATION.”Master Deed.pdf, Article XXX(B), p. 47
“Further, no OWNER, or his agent, may place any signs or banners upon the COMMON ELEMENTS, or within his UNIT or the LIMITED COMMON ELEMENTS so as to be visible from the exterior of the UNIT, including, without limitation "For Sale", "For Rent" or other advertising signs.”Master Deed.pdf, Article XIX, p. 29
“(i) No more than five (5) persons shall be permitted to congregate upon the surface areas of the balconies, terraces or porches at any one time;”Master Deed.pdf, Article XV(A), p. 25
“THIS AGREEMENT CONTAINS A BINDING, IRREVOCABLE AGREEMENT TO ARBITRATE AND IS SUBJECT TO ARBITRATION PURSUANT TO TITLE 15, CHAPTER 48 (UNIFORM ARBITRATION ACT) OF THE CODE OF LAWS OF SOUTH CAROLINA, AS MODIFIED HEREIN”Master Deed.pdf, cover page and Master Deed title page (recorded pp. 1-2); see Article XXXIX for the arbitration terms
04

Is the money healthy?

Typical

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.

Very inclusive dues (all utilities, internet, HO6, building insurance, pest), no special or insurance assessments, audited annual financials and quarterly reports required by the By-Laws, offset by 10% then 6% dues increases, owner liability for the master-policy deductible shortfall on owner-maintained items, a mandatory casualty special assessment once reserves are exhausted, Board borrowing for shortfalls without a vote, and no budget, reserve or insurance figures in the set; the one budget supplied with the listing belongs to the adjacent Pan American POA, not Dunes Village.

2026 budget$0
Dues change+6.0% on the year
Special assessmentsNone in the documents
InsuranceBuilding (property) insurance and an HO6 policy are both included in dues; the HO6 is a separate per-unit line on the assessment schedule ($19.16-$67.64/mo in 2026, up from $18.07-$63.81 in 2025). Management says there is no separate insurance assessment currently, but the Master Deed lets the Board levy a separate insurance assessment at any time. Building insurance is included (HOA Info Q8). Owner contents cover is mandatory, owner liability cover is at the owner's option, and where the Association already insures the same risk the owner's policy must be placed with the Association's carrier if available (Master Deed Art. XXIII, p. 32). Owner bears the master-policy deductible or coverage shortfall whenever an insured casualty damages an item the owner must maintain (Art. XXI, p. 31) - with wind/named-storm deductibles unknown this is the largest open insurance exposure. If proceeds fall short of rebuilding costs the Association may draw the Reserve Fund for Replacements and, if that is insufficient, must levy a special assessment on all owners (Art. XXIV, p. 37). Reconstruction after a casualty was mandatory only through the 'Mandatory Reconstruction Period' (Oct 1, 2017 or ten years after 80% sell-out, whichever is later); thereafter, if two-thirds or more of the property is destroyed, proceeds are distributed by percentage interest and the remainder is subject to partition unless owners agree otherwise, and changing the rebuild plans needs 75% of interests (Art. XXIV, pp. 35-36). The management company's Sept 2022 email says insurance and financials are posted on its owner website. The only budget supplied with the listing (02caaf5d-4_Budget_2024) is the adjacent Pan American POA's 2024 budget, not Dunes Village's; it is not used for any Dunes Village figure here.
FloodMaster Deed requires the Association's casualty policy to include windstorm, wind-driven rain, water damage and flood 'if available'; current coverage and deductibles unstated. Deed discloses the site is or may be seaward of DHEC setback lines and in the FEMA velocity zone.
DelinquencyAssessments are payable in monthly installments unless the Board decides otherwise (Exhibit E Art. III Sec. 18(b)); a monthly installment is delinquent on the 15th unless the Board sets another date (Sec. 20(f)(iv)). Default on the due date; Board may accelerate the year's assessments on 10 days' notice; after 20 days a $25 late fee per installment plus interest at the SC legal judgment rate, lien and foreclosure (Association may get a receiver and the unit's rental proceeds), suspension of voting and common-element use, personal liability for collection costs and attorney's fees. Buyer at a voluntary sale is jointly liable for the seller's unpaid assessments. The Association's lien is subordinate to a previously recorded first mortgage, and a foreclosure or judicial-sale buyer takes free of prior delinquencies, which are absorbed by all owners as common expenses (Master Deed Art. XXVII(K), pp. 42-43). The By-Laws require a quarterly delinquency report and an audited annual report within 120 days of year end (Exhibit E Art. III Sec. 20), and let the Board borrow to cover budget shortfalls without a member vote (Sec. 21). Current delinquency rate: unstated.
What the documents say (27)
“Dunes Village 2026 Assessment Rates- 6% Increase”Dunes Village - Assessments.pdf, 2026 table heading
“Dunes Village 2025 Assessment Rates- 10% Increase”Dunes Village - Assessments.pdf, 2025 table heading
“1. How much are HOA dues? $1085.43”HOA Info.pdf, Q1
“3. What is included? Electricity, gas, water, trash, cable , telephone , wi-fi, property insurance, HO6, and pest control”HOA Info.pdf, Q3
“4. Are there any special assessments, either current or planned? If so, kindly provide details regarding the purpose of the assessment, its cost, payment frequency, and duration. Not at this time.”HOA Info.pdf, Q4
“5. Are there any separate insurance assessments? If so, please specify the amount and duration. No”HOA Info.pdf, Q5
“10. Are there any capital contribution fees or transfer fees associated with the sale of a property, and if so, what are the respective amounts? no”HOA Info.pdf, Q10
“COA's are $150 and questionnaires are $50 a page.”HOA Info.pdf, preamble
“You will find a plethora of helpful information on the website pertaining to your Association from assessments, insurance, financials, RAM contacts and more.”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, covering paragraph
“Further, a late fee of $25.00 shall be assessed for each installment not paid within twenty (20) days after the due date thereof.”Master Deed.pdf, Article XXVII(G), p. 41
“(iv) a delinquency report listing all Owners who are delinquent in paying the assessments at the time of the report and describing the status of any action to collect such installments which remain delinquent (A monthly installment of the assessment shall be considered to be delinquent on the fifteenth (15th) day of each month unless otherwise determined by the Board of Directors}; and”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 20(f), p. 95
“(g) an annual report as of the end of the fiscal year consisting of at least the following shall be distributed to all Members within one hundred twenty (120) days after the close of the fiscal year: (1) a balance sheet; (2) an operating (income) statement; and (3) a statement of changes in financial position for the fiscal year. The annual report referred to above shall be prepared on an audited basis, by an independent certified public accountant for each fiscal year.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 20(g), p. 95
“Section 21. Borrowing. 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; provided, however, the Board shall obtain prior Voting Member approval by majority vote for special assessments in the event that the proposed borrowing is for the purpose of modifying, improving, or adding amenities, or the total amount of such borrowing exceeds or would exceed ten (10%) percent of the budgeted gross expenses of the ASSOCIATION for that fiscal year.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 21, p. 95
“The monies to be deposited by the ASSOCIATION with the Insurance Trustee, in said latter event, may be paid by the ASSOCIATION out of its Reserve Fund for Replacements, and if the amount in such Reserve Fund for Replacements is not sufficient, then the ASSOCIATION shall levy and collect an assessment against all OWNERS and their UNITS, in an amount which shall provide the funds required to pay for said repair, replacement or reconstruction.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Article XXIV, p. 37
“The Board of Directors of the ASSOCIATION, may in its sole and absolute discretion, elect to issue an insurance-related assessment to the OWNERS that is separate and apart from other general Regime assessments on either a quarterly, semi-annual or annual basis, as the Board of Directors may determine.”Master Deed.pdf, Article XXIV, p. 34
“2. Expenses declared common expenses by provisions of this Master Deed, including electricity charges for lighting, heating and air conditioning all units;”Master Deed.pdf, Article XXXVI(H)(2), p. 51
“Notwithstanding the provisions of Section 8, Subparagraph (A) of the Parking and Amenity Easement, the ASSOCIATION'S prorata share of the Financial Obligations (as defined in the Parking and Amenity Easement) for parking-related improvements shall be fifty-five and 77/100 percent (55.77%).”Master Deed.pdf, Article VI(A), p. 12
“(C) The right of the ASSOCIATION to suspend an OWNER'S voting rights and the right to use any of the COMMON ELEMENTS for any period during which any assessment against the OWNER'S UNIT remains unpaid;”Master Deed.pdf, Article VII(C), p. 18
“Provided that the total cost of acquiring the improvements will not exceed ten percent (10.0%) of the budgeted gross expenses of the ASSOCIATION for the then current fiscal year, the ASSOCIATION may, with the approval of the Board of Directors, assess each UNIT according to its Percentage Interest in the COMMON ELEMENTS of the Regime or as set forth in the applicable Fractional Instrument for the purpose of acquiring additional COMMON ELEMENTS.”Master Deed.pdf, Article XX, p. 30
“except that the OWNER of such UNIT shall be, in said instance, required to pay such portion of the costs of such maintenance, repair and replacement as shall, by reason of the applicability of any limitation in coverage and/or deductibility provisions of such insurance, exceed the amount of the insurance proceeds applicable to such maintenance, repair or replacement.”Master Deed.pdf, Article XXI, p. 31
“The OWNER of each UNIT shall, at his own expense, obtain insurance coverage for loss of or damage to any furniture, furnishings, personal effects and other personal property belonging to such OWNER and shall, at his own expense and option, obtain insurance coverage against personal liability for injury to the person or property of another while within such OWNER'S UNIT or upon the COMMON ELEMENTS.”Master Deed.pdf, Article XXIII, p. 32
“(D) The Board of Directors of the ASSOCIATION, in establishing said annual budget for the operation, management and maintenance of the Regime shall include therein a sum to be collected and maintained as a reserve fund for replacement of COMMON ELEMENTS, which reserve fund shall be for the purpose of enabling the ASSOCIATION to replace and/or conduct major repairs upon structural elements and mechanical equipment constituting a part of the COMMON ELEMENTS”Master Deed.pdf, Article XXVII(D), p. 40
“(E) The Board of Directors of the ASSOCIATION, in establishing said annual budget for operation, management and maintenance of the Condominium, shall include therein a sum to be collected and maintained as a general operating reserve which shall be used to provide a measure of financial stability during periods of special stress when such sums may be used to meet deficiencies from time to time existing as a result of delinquent payment of assessments by OWNERS of UNITS, as a result of emergencies or for other reasons placing financial stress upon the ASSOCIATION.”Master Deed.pdf, Article XXVII(E), p. 40
“It shall further be the obligation of the ASSOCIATION to perform the major repairs and replacements, for which reserves shall be established, at successive intervals not longer than in accordance with the anticipated useful life of each portion of the COMMON ELEMENTS.”Master Deed.pdf, Article XXII, p. 32
“The claim of lien filed by the ASSOCIATION shall be subordinate to the first priority lien of any mortgage recorded prior to the time of recording of the ASSOCIATION'S Claim of Lien.”Master Deed.pdf, Article XXVII(K), p. 42
“50 Angle Oceanfront 1 bdrm-Q 0.00307200 $ 965.82 $ 31.49 $ 26.68 $ 1,023.99 31-35”Dunes Village - Assessments.pdf, 2025 table (OCR-joined row)
“89900 - Repay Loan to DV 100,000.00”Pan American Property Owner Association, Inc. - 2024 Profit & Loss Budget Overview (supplied with the same listing; NOT a Dunes Village budget), p. 1, Expense, line 89900
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.

Board is owner-elected by percentage-weighted vote with majority-vote removal and open meetings after the developer Control Period expired, but four commercial units hold perpetual deed-level monopolies over front desk, registration, telecom, signage, food and beverage and pool-deck changes, Article XIV rental rules and any commercial-unit right need their unanimous consent under both the deed and the By-Laws, the Board can grant easements, borrow and sign amenity-sharing deals without an owner vote, and the 2023 amendment stretched director terms from two to five years.

StructureOne association
Commercial unitYes, with its own deed rights
On-site operatorNot named in this set. The Master Deed gives the owner of Commercial Unit CU-1 ('Administrative' on the assessment schedule) the front desk, registration, telecom and rental-management rights; the 'Dunes Village Resort' marks belong to Pan American Vacations Management, LLC. The original By-Laws state that the Association itself 'shall not become involved in the business or practice of rental management of RESIDENTIAL UNITS' (Exhibit E Art. I Sec. 4), so the on-site rental program is the CU-1 owner's private business, not an Association program. Association manager is Resort Association Management (RAM).
BoardOriginal 2007 By-Laws (Master Deed Exhibit E): three to five directors, initially three appointed by the developer; at the first annual meeting after Class II control ends, five directors are elected on staggered 3/3/2/2/1-year terms and thereafter for TWO-year terms, nominated by a nominating committee with nominations from the floor, elected by plurality, serving unlimited consecutive terms. The Oct 2023 bylaw amendment (passed 85.83% in favor) replaced that Section 6 and lengthened every subsequent term to FIVE years. Owners may remove any director with or without cause by a majority vote of the membership, and the Board may remove a director with three consecutive unexcused absences or more than 30 days delinquent (Exhibit E Art. III Sec. 7). Board meetings are open to owners (who may speak only when a director asks on their behalf) with at least two meetings a year; executive sessions are allowed (Sec. 10, 16). The original Section 6 also let the Commercial Unit owners, by majority vote, seat a non-voting ex officio director with notice, attendance and inspection rights; whether that paragraph survived the 2023 replacement of Section 6 is unstated. Common management or amenity-sharing agreements with other associations need two-thirds of all directors (Sec. 22). The Board may grant, modify or move easements and licences over the common elements without owner approval, with the costs treated as common expenses (Master Deed Art. VI(L), p. 17), may seek rezoning of the regime to a Planned Unit Development (Art. XIII, p. 22), and may borrow for repairs or budget shortfalls without a member vote (Exhibit E Art. III Sec. 21). Management contracts are capped at two years and the developer or its affiliate may be the managing agent (Sec. 19).
Developer rightsGrantor Dunes Village Properties, LLC had the right to appoint the board for 10 years from the Oct 2007 recording (Class II control, Art. XXXII, p. 48); during Class II membership the Grantor's votes carried four times their percentage weight and the Class II member held a veto over every Board and committee action (Exhibit E Art. II Sec. 2, Art. III Sec. 3). That Control Period expired by its terms in Oct 2017 unless ended earlier; the By-Laws required the Class II member to call a meeting or mail notice within 120 days after termination (Exhibit E Art. III Sec. 2), but no such notice is in the set. The 2023 bylaw amendment is drafted for the post-Class II elected board but does not itself state that Class II control has ended, and no document in the set records the turnover. Its option to add Phase II (up to 3 more commercial units on the garage parcel, statutory value 350 to 9,000 which would dilute every unit's percentage interest) and to build extra garage-parcel amenities expired Feb 28, 2018 unless exercised (unstated). Grantor retains perpetual consent rights over any amendment touching its reserved rights or Article XXXII, may make corrective amendments unilaterally, and reserved the exclusive right to put units into a fractional ownership plan (Dunes Village Owners' Club). No other owner or third party may submit a unit to interval ownership, timesharing or any similar rotating-use scheme (Art. V, pp. 10-11). Association rules that would affect the Grantor's units, common elements or fractional-unit rights also do not bind the Grantor without its written consent (Art. XV, p. 25). The Board's easement power may not be used in any way the Grantor reasonably considers detrimental to its sales or marketing (Art. VI(L), p. 17).
Commercial-unit rightsDeed-level and perpetual, amendable only with the CU owners' written consent (Master Deed Art. XXIX(A)(6); By-Laws Art. VI Sec. 6): CU-1 (Administrative) holds the exclusive front-desk/registration agency, exclusive telephone/cable/pay-per-view/internet easement, ownership of the phone switchboard, PA system and card-key system, rooftop cell-tower easement (CU-1 may lease rooftop sites to carriers itself while the Association keeps repairing the roof - Art. VI(D), p. 13), exclusive advertising/signage easement over corridors, elevators and building exteriors, control of marquee signage, live/recorded music on pool decks 9 a.m. to midnight, exclusive use of janitorial closets, trash and laundry chutes, 7 storage bays and up to 11 reserved garage spaces, and a veto over any change to the pool deck, pools or water amenities. CU-2 (Restaurant) holds the Pool Deck Limited Common Element (Art. IV(H), p. 9) and, together with CU-1, a perpetual exclusive food, beverage and retail sales easement over the pool decks, sun decks and other common elements (Art. VI(G), p. 15); CU-2 alone may place tables and chairs on the decks and close deck areas for private events (10/yr, 6 hrs, 24 hours' posted notice). CU-1 is also the exclusive agent for scheduling any garage-parcel amenities (tennis courts etc.) and is expressly not liable for how it performs its registration and scheduling duties (Art. XV(C), p. 26). CU owners may alter their units and limited common elements without Board consent (Art. XIX, p. 29) and may use them for any legal commercial purpose regardless of the plan labels (Exhibit B, p. 66). If the restaurant's Poolside Cabana Bar is destroyed and cannot be rebuilt in place, the Association must relocate and rebuild it on the pool deck at Association expense (Art. XXIV, p. 36). The Board plus a majority of CU owners may sign amenity-sharing deals with hotels and other regimes without any residential vote. Residential owners and the Association are barred from any commercial activity (rental desk, key pick-up, concierge, laundry, etc.) in units or common elements, and CU owners may specifically enforce that bar and may seek emergency court relief for it outside the arbitration clause (Art. XXX(F); Art. XXXIX(A)(2)(v)). Under the original By-Laws the CU owners could also appoint a non-voting ex officio director.
VotesOriginal By-Laws Art. II Sec. 2 (Exhibit E, p. 86): Class I members cast one vote per unit, weighted by the unit's percentage interest in the common elements (Exhibit C), with co-owners designating one Voting Member; Class II (developer) votes carried four times their weight for up to ten years; Class III fractional owners get 1/8 vote per fractional interest. Master Deed Art. XIII (p. 22) ties membership to unit ownership and caps any fractional unit at one vote. Quorum is a simple majority of the total vote in person or by proxy (Sec. 12; recited as 51% in the 2023 amendment); proxies must reach the Secretary 48 hours before the meeting (Sec. 10); 10% of the total voting weight can petition for a special meeting (Sec. 5); action without a meeting needs unanimous written consent (Sec. 14). The 2023 amendment recites turnout as 2 members in person = 2.37% and 237 by proxy = 86.56% (89% total), consistent with this weighted-vote rule. Master Deed amendments need owners of 67% of the undivided interest (Art. XXIX(B), p. 45). Percentage-interest weighting means the four commercial units together hold about 2.06% of the vote.
Changing the deedMaster Deed: proposed by the CU-1 owner, the Board, or 25% of ownership interest; approved by 67% of undivided interest at a special meeting called on 20-60 days' notice; unanimous owner and first-mortgagee consent to change percentage interests or assessment basis; Article XIV changes need all CU owners; changes to Grantor or CU rights need that party's consent; termination needs unanimous owners and lienholders. By-Laws: 67% of total votes (in person, by proxy or written consent), never less than the percentage required to act under the clause being amended, no change to a Grantor or CU-owner right without consent, effective only on recording (Exhibit E Art. VI Sec. 6, p. 99). Conflicts resolve in the order SC law, Master Deed, Articles, By-Laws (Art. VI Sec. 3).
Disputes or lawsuitsManagement declined to answer the litigation question and pointed to the public court index. Master Deed imposes mandatory notice-negotiation-mediation-binding arbitration on nearly all claims (Exempt Claims, Art. XXXIX(A)(2), p. 56: Association suits to collect assessments; Association or commercial-unit-owner suits for a temporary restraining order or equivalent emergency relief; owner-vs-owner suits that do not involve the Grantor or Association and assert a cause of action independent of the Master Deed; and suits in which an indispensable party is not a Bound Party), a jury-trial waiver, and prevailing-party attorney's fees. A claimant who misses the 30-day mediation or 15-day arbitration filing windows is deemed to have waived the claim (Art. XXXIX(B)(3)-(4), p. 57). The By-Laws add an internal notice-hearing-appeal process for fines (Exhibit E Art. III Sec. 23) and indemnify directors and officers to the fullest extent of the law (Art. VII).
What the documents say (32)
“Section 6. Election and Term of Office. Notwithstanding any other provision contained herein, at the first annual meeting after the termination of Class II control, five (5) Directors shall be elected.”Bylaws.pdf (2023 Amendment to By-Laws), Amendment, Article III Section 6, Deed Book 4735 Page 1730
“Each member elected thereafter shall be elected for a five (5) year term.”Bylaws.pdf (2023 Amendment to By-Laws), Amendment, Article III Section 6, Deed Book 4735 Page 1730
“Directors may be elected to serve any number of consecutive terms. Each member elected thereafter shall be elected for a two (2) year term.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws (original 2007 text, replaced Oct 2023), Article III Section 6, p. 90
“In addition to the Directors elected under the preceding paragraphs, the Owner(s) of the Commercial Units may by majority vote designate and appoint a representative to serve as an additional ex officio Director. Such representative shall not be entitled to vote on issues before the Board> but shall receive notice of all Board meetings and other matters before the Board and shall be entitled to attend and express opinions on all issues raised at all meetings and shall be entitled to the same rights of inspection as any other Director wider Article VI, Section 4( c}.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws (original 2007 text), Article III Section 6, p. 90
“Following the expiration or sooner termination of the Class II control period, any Director of the ASSOCIATION may be removed, with or without cause, by a vote oftbe Voting Members with a majority vote of the membership.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 7, p. 90
“Members of the Board of Directors may be elected to serve any number of consecutive terms.”Bylaws.pdf (2023 Amendment to By-Laws), Amendment, Article III Section 6, Deed Book 4735 Page 1730
“Class I members shall be entitled to one vote for each UNIT in which they hold the interest required for membership. The percentage weight that the vote of each UNIT shall carry shall equal the percentage undivided interest in the COMMON ELEMENTS for that UNIT as set forth in Exhibit C of the Master Deed.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article II Section 2, p. 86
“The percentage weight that the vote of each UNIT which GRANTOR owns during Class II membership shall carry will equal four ( 4) times the percentage undivided interest in the COMMON ELEMENTS for such UNITS as set forth in Exhibit C of the Master Deed.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article II Section 2 (Class II), p. 86
“So long as the Class "II" membership exists, the Class 11I111 member shall have a veto power over all actions of the Board and any committee, as is more fully provided in this Section.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 3, p. 89
“Voting Members may vote in person or by Proxy, provided such written proxy is delivered to the Secretary of the ASSOCIATION at least forty-eight (48} hours prior to the meeting at which a vote will be cast by such Proxy.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article II Section 10, p. 87
“all meetings of the Board shall be open to all Voting Members, but Voting Members other than Directors may not participate in any discussion or deliberation unless permission to speak is requested on his or her behalf by a Director.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 16, p. 92
“(b) No management contract may have a tenn in excess of two (2) years.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 19(b), p. 94
“(n) making available to any prospective purchaser of a UNIT, any Owner of a UNIT, any first Mortgagee, and the holders, insurers, and guarantors of a first Mortgage on any UNIT, current. copies of the Master Deed, any Fractional Docwnents, the Articles of Incorporation, the By-Laws, rules governing the UNITS, as applicable, and all other books, records, and financial statements of the ASSOCIATION; and”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 18(n), p. 94
“these By-Laws may be amended only by the affirmative vote (in person or by proxy) or written consent of Voting Members representing sixty-seven (67%) percent of the total votes of the ASSOCIATION, including any UNITS owned by the GRANTOR.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article VI Section 6, p. 99
“WHEREAS, Article VI, Section 6, of the By-Laws specifically provides that the By- Laws shall be amended only by the affirmative vote, in person or by proxy, of sixty-seven percent (67%) of the total votes of the Association;”Bylaws.pdf (2023 Amendment to By-Laws), recitals, Deed Book 4735 Page 1729
“WHEREAS, the By-Laws, in Article II, Section 12, Quorum, require the presence in person or by proxy of the Voting Members representing a simple majority (fifty-one percent (51%)) of the total vote of the Association to constitute a quorum;”Bylaws.pdf (2023 Amendment to By-Laws), recitals, Deed Book 4735 Page 1729
“At such meeting, the amendment or amendments proposed must be approved by an affirmative vote of MEMBERS owning at least sixty-seven (67%) percent of the undivided interest in the COMMON ELEMENTS of the Condominium in order for such amendment or amendments to become effective.”Master Deed.pdf, Article XXIX(B), p. 45
“Additionally, provided that the GRANTOR has not earlier terminated "Class II" membership in the ASSOCIATION in accordance with the Articles of Incorporation and/or By-Laws of the ASSOCIATION, then the GRANTOR, its successors and assigns, shall have the right, for a period of ten (10) years from the filing of this Master Deed (the "Control Period") in the Horry County Register of Deeds Office, to designate and select the persons who shall serve as members of the Board of Directors of the ASSOCIATION in accordance with Article II, Section 2 and Article III. Section 2 of the By-Laws.”Master Deed.pdf, Article XXXII, p. 48
“Provided, however, any such rules or regulations that purport to diminish, abrogate or in any way affect the COMMERCIAL UNITS, including the LIMITED COMMON ELEMENTS appurtenant thereto or other easements or rights grants herein in favor of such COMMERCIAL UNITS or the OWNERS thereof shall not be binding upon such OWNER(S) of such COMMERCIAL UNITS, their successors and assigns, unless and until such affected OWNER consents in writing to the same.”Master Deed.pdf, Article XV, pp. 24-25
“Furthermore, the Board of Directors of the ASSOCIATION, with the consent of a majority of the OWNERS of the COMMERCIAL UNITS, shall have the power and authority from time to time, without the need for consent from RESIDENTIAL UNIT OWNERS, to enter into written and/or recorded agreements with other horizontal property regime associations, hotel owners/operators and other third parties for the sharing and/or reciprocal use of Regime Amenities upon such terms as the Board of Directors may determine appropriate.”Master Deed.pdf, Article XIII, p. 23
“Notwithstanding anything herein to the contrary, no removal, alteration or improvement of the pool deck or pool or water amenities shall take place unless the OWNER of COMMERCIAL UNIT CU-1 has first consented in writing to the same.”Master Deed.pdf, Article XX, p. 30
“Provided, however, the OWNER OF COMMERCIAL UNIT CU-1 is hereby granted for the benefit of itself, its successors and assigns, an exclusive, transferable, perpetual easement appurtenant to COMMERCIAL UNIT CU-1 for the purpose of providing telephone, cable television, cable pay per view movies, wireless broadband access and internet service to the Regime, said easement being over, upon and through all wiring, conduits and other fixtures and equipment used for the purposes of providing telephone, cable television, cable pay per view movies, internet service, and wireless broadband internet access or other communication services to the Regime Property, and all of the other terms and conditions of this Master Deed are made subject to the terms of this exclusive Easement.”Master Deed.pdf, Article VIII, p. 20
“(F) Advertising Easement. As an appurtenance to COMMERCIAL UNIT CU-1, the OWNER of COMMERCIAL UNIT CU-1, its successors and assigns, are hereby granted a perpetual, exclusive and commercially useable easement for advertising and the placement of signage over the corridors, passageways, elevators, exteriors of the Buildings and other COMMON ELEMENTS of the Regime.”Master Deed.pdf, Article VI(F), p. 14
“However, nothing herein shall be construed to limit the rights of the OWNER(S) of the COMMERCIAL UNITS to make any residential, commercial or business use of such COMMERCIAL UNITS, the LIMITED COMMON ELEMENTS appurtenant thereto, or any easement areas or rights granted to such OWNER(S) in this Master Deed, including, without limitation, the ability of the OWNER of COMMERCIAL UNIT CU-1 to play live and/or recorded music on all pool decks and sun decks between the hours of 9:00 a.m. to midnight.”Master Deed.pdf, Article XVI, p. 27
“(F) Any OWNER of a COMMERCIAL UNIT shall have the right to specifically enforce the easements, rights and benefits granted to such OWNER(S) and/or the COMMERCIAL UNIT(S) under this Master Deed, including, without limitation, the provisions of Article XIV restricting the right and authority of the ASSOCIATION and the OWNERS of RESIDENTIAL UNITS, FRACTIONAL INTERESTS or Unit Weeks to conduct commercial activities upon the Regime.”Master Deed.pdf, Article XXX(F), p. 47
“Notwithstanding the foregoing, the COMMERCIAL UNIT OWNER(S) shall have the right, without the consent or permission of the Board of Directors of the ASSOCIATION, to make such changes and alterations to the utilities and structural or non-structural components of the COMMERCIAL UNITS and LIMITED COMMON ELEMENTS appurtenant thereto as it or they may unilaterally desire and neither the ASSOCIATION, the Board of Directors or any other OWNER .shall have the right to object thereto, provided that such alterations by the COMMERCIAL UNIT OWNER(S) do not adversely affect the structural integrity of any other UNIT or COMMON ELEMENTS.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Article XIX, p. 29
“6. Is there any pending or future litigation? If so, kindly provide details regarding the nature of the litigation and the appropriate contact person for further inquiries. refer to publicindex.sccourts.org”HOA Info.pdf, Q6
“GRANTOR HEREBY DECLARES, ON BEHALF OF ITSELF, THE ASSOCIATION, AND ANY OWNER OF A UNIT, THAT ANY AND ALL RIGHT TO TRIAL BY JURY SHALL BE WAIVED BY GRANTOR, THE ASSOCIATION, AND EACH OWNER OF A UNIT, FRACTIONAL INTEREST OR UNIT WEEK IN ANY DISPUTE, PROCEEDING, CASE OR CONTROVERSY ARISING UNDER OR RELATED TO THE WITHIN MASTER DEED OR ANY APPLICABLE FRACTIONAL INSTRUMENT.”Master Deed.pdf, Article XXXVIII, p. 55
“(L) Association Easements. Except as otherwise limited by applicable law, the Board of Directors may grant, modify, or move easements from time to time over the COMMON ELEMENTS or property owned by the ASSOCIATION without obtaining the approval of the OWNERS.”Master Deed.pdf, Article VI(L), p. 17
“7. Does a First Right of Refusal apply to this property? If so, please provide the appropriate contact information for the exercising party. no”HOA Info.pdf, Q7
“The OWNER of COMMERCIAL UNIT CU-1 may freely delegate use of the Rooftop Easement to its designated employees, agents, lessees., and independent contractors to specifically include the right to enter into communications site lease agreements with third parties granting such use.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Article VI(D) Rooftop Easement, p. 13
“Any representative of the GRANTOR serving on the Board of Directors of the ASSOCIA TJON shall not be required to disqualify himself upon any vote on any management contract or other matter between the GRANTOR and the ASSOCIATION where the GRANTOR may have a pecuniary or other interest.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Article XXXII, p. 48
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

  • Short-term rentals are expressly allowed and owners may rent on their own or through any off-site rental company; the management company sends a rules letter specifically for off-program ('non-rental') units and tells owners to share it with their rental company (HOA Info Q13; management email Sept 2022, p. 1; Master Deed Art. XIV)
  • The Association is barred by its own By-Laws from the rental-management business, so there is no Association-run program and no deed or bylaw requirement to use the on-site operator; the complete Master Deed and original By-Laws contain no minimum stay or owner-use cap (Master Deed complete copy, Exhibit E Art. I Sec. 4, p. 85; Art. XIV-XV)
  • Off-program guests still get the headline amenities: front desk issues waterpark wristbands and garage/gate/fitness-center keys on presentation of the owner's memo and ID (management email Sept 2022, bullet 2)
  • Dues are unusually inclusive - in-unit electricity, gas, water, trash, cable, phone, wi-fi, building insurance, HO6 and monthly pest control - so the owner's operating costs outside dues are small (HOA Info Q3; Master Deed Art. XXXVI(H)(2))
  • No special assessments current or planned, no separate insurance assessment, and no transfer or capital-contribution fee on purchase (HOA Info Q4, Q5, Q10)
  • Developer (Class II) board control was limited to ten years from the Oct 2007 recording and so expired by its terms in Oct 2017; the 2023 bylaw amendment, passed with 85.83% of the vote, is drafted for the post-control five-seat elected board, though the amendment itself does not state that Class II control has ended (Master Deed Art. XXXII, p. 48; Bylaws Amendment, recitals and Art. III Sec. 6)
  • Owners can remove any director with or without cause by a majority of the membership, 10% of the voting weight can force a special meeting, board meetings are open, and votes are weighted by percentage interest so the four commercial units carry only about 2% of the vote (Master Deed complete copy, Exhibit E Art. II Sec. 2 and 5, Art. III Sec. 7 and 16, pp. 86-92)
  • The By-Laws require an audited annual report from an independent CPA within 120 days of year end, quarterly financials with a delinquency report, and give owners and prospective purchasers the right to current financial statements and records; the management company says assessments, insurance and financials are posted on its owner website (Master Deed complete copy, Exhibit E Art. III Sec. 18(n), 20, Art. VI Sec. 4; management email Sept 2022, p. 1)
  • Management contracts are capped at two years, so an unsatisfactory manager can be replaced quickly (Master Deed complete copy, Exhibit E Art. III Sec. 19(b), p. 94)
  • Trash chutes must remain available to all owners and guests on every floor even if the operator restricts the closets, so no hauling trash off-site (Master Deed Art. IV, pp. 9-10)
  • Owners may use their own independent daily/weekly housekeepers (Master Deed Art. XIV, p. 24)
  • Fines for a guest's violation are assessed against the guest first and must follow written notice and a hearing opportunity before they bind the owner (Master Deed complete copy, Exhibit E Art. III Sec. 23, pp. 95-96)
  • Golf carts and motorcycles are allowed (HOA Info Q12)
  • No right of first refusal applies on sale, so there is no Association or operator hold on your exit (HOA Info Q7)

Watch-outs

  • Off-program guests are told the front desk 'will not assist them'; no valet, no charging to the room, and the owner must supply a problem contact - you are the resort's customer service for your guests (management email Sept 2022, bullets 3 and 6)
  • Every guest and every vendor (cleaners, delivery, repair) must register with the front desk, and the commercial-unit owner is the deed-level exclusive registration agent that is expressly not liable for how it performs that role, so your self-managed operation depends on the on-site operator's cooperation (Master Deed Art. XV(C), p. 26)
  • Any off-site rental manager you hire must carry $1M/$2M general liability plus a $5M umbrella naming the Association and prove it before starting, which rules out many small managers (Master Deed Art. XV(D), p. 26)
  • The unit and its hallway owner's closet cannot be used to dispense keys 'including keys to lock boxes', book rentals or run cleaning - the card-key system belongs to the commercial unit and the documents do not say whether off-program owners can get key cards cut, so confirm your guest-access solution with the operator before closing and keep codes/keys current with management (Master Deed Art. IV, XIV, VIII; management email Sept 2022, bullet 1)
  • Dues rose 10% for 2025 and another 6% for 2026 (about 16.6% over two years); a 1-bedroom now costs $1,085.43/month and a 3-bedroom up to $2,549.42/month (Assessments, 2025 and 2026 headings and tables)
  • No budget, reserve balance, reserve study or insurance declarations are in the set; the deed lets the Board levy a separate insurance assessment at any time and requires flood coverage only 'if available' on a site disclosed as possibly seaward of DHEC setback lines and in the FEMA velocity zone (Master Deed Art. XXIV, Art. I)
  • If a casualty exceeds insurance proceeds the Association must first drain the replacement reserve and then levy a mandatory special assessment on all owners, and the Board may borrow to cover budget shortfalls without any owner vote (Master Deed complete copy, Art. XXIV, p. 37; Exhibit E Art. III Sec. 21, p. 95)
  • Commercial units hold perpetual, deed-level monopolies (front desk, telecom/internet, advertising and signage, pool-deck veto, food and beverage, music to midnight, janitorial closets and chutes) and Article XIV rental/commercial restrictions cannot be amended without all four commercial-unit owners' written consent; the By-Laws repeat that no provision reserving a commercial-unit right can be amended without that owner's consent (Master Deed Art. VI, VIII, XX, XXIX(A)(4); Exhibit E Art. VI Sec. 6, p. 99)
  • The Board plus a majority of commercial-unit owners can sign amenity-sharing deals with hotels and other regimes without any residential vote, and pools, decks, spas and the exercise room are already shared with the adjacent Pan American resort; the Association also carries 55.77% of the shared garage's costs (Master Deed Art. XIII, VI(A), VI(E))
  • The original By-Laws set two-year director terms; the Oct 2023 amendment lengthened every future term to five years with unlimited re-election, so the main owner recourse is now the majority-vote removal right rather than the ballot (Master Deed complete copy, Exhibit E Art. III Sec. 6-7, p. 90; Bylaws Amendment, Art. III Sec. 6)
  • Under the original By-Laws the commercial-unit owners may seat a non-voting ex officio director who receives all board notices, attends all meetings and has full inspection rights; whether this survived the 2023 rewrite of Section 6 is unstated (Master Deed complete copy, Exhibit E Art. III Sec. 6, p. 90)
  • The Board can fine 'reasonable' amounts with no schedule in the documents, the fine becomes a lien, and a guest's unpaid fine shifts to the owner on notice; the Board may also bypass the hearing process entirely by self-help or suit with the owner paying attorney's fees (Master Deed complete copy, Exhibit E Art. III Sec. 23, pp. 95-96)
  • The restaurant unit may rope off pool-deck seating for private events up to 10 times a year, 6 hours each, to the exclusion of owners and guests (Master Deed Art. VI(G), p. 15)
  • The service-mark owner can impose rules on how you use the 'Dunes Village Resort' name and photos in listings, and no 'For Rent' signage is allowed (Master Deed Art. VII, p. 19; Art. XIX, p. 29)
  • Mandatory arbitration, jury-trial waiver and prevailing-party attorney's fees apply to most disputes with the Association or commercial units, a claim is deemed waived if the 30-day mediation or 15-day arbitration windows are missed, and management declined to answer the litigation question and pointed to the court index (Master Deed Art. XXXVIII-XXXIX, pp. 55-57; HOA Info Q6)
  • Whole property is non-smoking including balconies and no pets are permitted for owners or tenants - enforce it on your listings (management email Sept 2022, bullets 4-5; HOA Info Q11)
  • The 'Bylaws.pdf' in this set is only the 2023 amendment and the complete By-Laws now on disk are the 2007 originals (Master Deed Exhibit E); any other amendments recorded between 2007 and 2023 are unknown, so the current consolidated By-Laws and Board rules should still be requested (Bylaws Amendment; Master Deed complete copy, Exhibit E)
  • If an insured casualty damages anything you are responsible for maintaining (door and window glass, appliances, HVAC, fixtures, in-unit connections), you pay whatever the master policy deductible or coverage limit leaves unpaid - and the wind/named-storm deductible is not disclosed in this set (Master Deed Art. XXI, p. 31)
  • The deed requires a funded replacement reserve and a general operating reserve, but the Board may draw the replacement reserve down to cover ordinary shortfalls, and no reserve balance, reserve study or budget is in the set (Master Deed Art. XXVII(D)-(E), p. 40; Art. XXII, p. 32)
  • Common-element rights (pools, water parks, decks, garage) run only to people in residence overnight, so day visitors of an off-program owner have no deed right to use the amenities (Master Deed Art. VII, p. 18)
  • After the Mandatory Reconstruction Period, a loss of two-thirds or more of the property leads to distribution of proceeds and partition unless owners agree to rebuild, and changing rebuild plans needs 75% of interests; the Association must also rebuild the restaurant's cabana bar at Association cost after a casualty (Master Deed Art. XXIV, pp. 35-36)
  • The Association's lien sits behind a prior first mortgage and a foreclosure buyer takes free of past-due assessments, which the remaining owners absorb as common expenses (Master Deed Art. XXVII(K), pp. 42-43)
  • The developer or its affiliate is expressly allowed to be the Association's managing agent, and a developer board representative never had to recuse on contracts between the developer and the Association (Master Deed Art. XXXII, p. 48; Exhibit E Art. III Sec. 19(a), p. 94)
  • The only budget in the listing package is the adjacent Pan American POA's 2024 budget, not Dunes Village's - and it carries a $100,000 'Repay Loan to DV' expense line, so ask whether Dunes Village has lent money to Pan American and on what terms (Pan American 2024 Budget Overview, p. 1, line 89900)
  • The commercial unit may lease the rooftop to cell carriers for its own account while the Association remains responsible for roof repairs around that equipment (Master Deed Art. VI(D), p. 13)
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
Oceanfront Studio-2Q (0.2079% interest; 85 units) - 2026 incl. $33.38 internet + $19.16 HO6$746$8,946
Oceanfront Studio-K handicap (0.2079%; 6 units) - 2026$746$8,946
Angle Oceanfront 1 bdrm-Q (0.3072%; 50 units) - 2026 incl. $33.38 internet + $28.28 HO6$1,085$13,025
Angle Oceanfront 2-4Q (0.4382%; 10 units) - 2026$1,534$18,410
Angle Oceanfront Dlx 2 bdrm (0.4417%; 26 units) - 2026$1,546$18,552
Angle Oceanfront Dlx 2 bdrm (0.4503%; 13 units) - 2026$1,575$18,904
Angle Oceanfront Dlx 2 bdrm (0.4606%; 26 units) - 2026$1,611$19,329
Oceanfront Dlx 2 bdrm (0.5697%; 9 units) - 2026$1,984$23,813
Angle Oceanfront Dlx 3 bdrm (0.5757%; 13 units) - 2026 incl. $33.38 internet + $52.99 HO6$2,005$24,061
Oceanfront 3 bdrm (0.5972%; 11 units) - 2026$2,079$24,943
Oceanfront 4 bdrm (0.7132%; 11 units) - 2026$2,476$29,710
Oceanfront Dlx 3 bdrm (0.7347%; 4 units) - 2026 incl. $33.38 internet + $67.64 HO6$2,549$30,593
CU-1 Administrative (0.6750%) - 2026, no internet/HO6$2,249$26,993
CU-2 Restaurant (1.0053%) - 2026$3,350$40,206
CU-3 Store (0.2032%) - 2026$677$8,127
CU-4 Game Room (0.1766%) - 2026$588$7,062
Oceanfront Studio-2Q (0.2079%; 85 units) - 2025 incl. $31.49 internet + $18.07 HO6$703$8,440
Oceanfront Studio-K handicap (0.2079%; 6 units) - 2025$703$8,440
Angle Oceanfront 1 bdrm-Q (0.3072%; 50 units) - 2025 incl. $31.49 internet + $26.68 HO6$1,024$12,288
Angle Oceanfront 2-4Q (0.4382%; 10 units) - 2025$1,447$17,368
Angle Oceanfront Dlx 2 bdrm (0.4417%; 26 units) - 2025$1,458$17,501
Angle Oceanfront Dlx 2 bdrm (0.4503%; 13 units) - 2025$1,486$17,834
Angle Oceanfront Dlx 2 bdrm (0.4606%; 26 units) - 2025$1,520$18,234
Oceanfront Dlx 2 bdrm (0.5697%; 9 units) - 2025$1,872$22,465
Angle Oceanfront Dlx 3 bdrm (0.5757%; 13 units) - 2025 incl. $31.49 internet + $50.00 HO6$1,892$22,699
Oceanfront 3 bdrm (0.5972%; 11 units) - 2025$1,961$23,531
Oceanfront 4 bdrm (0.7132%; 11 units) - 2025$2,336$28,029
Oceanfront Dlx 3 bdrm (0.7347%; 4 units) - 2025 incl. $31.49 internet + $63.81 HO6$2,405$28,861
CU-1 Administrative (0.6750%) - 2025, no internet/HO6$2,122$25,465
CU-2 Restaurant (1.0053%) - 2025$3,161$37,930
CU-3 Store (0.2032%) - 2025$639$7,667
CU-4 Game Room (0.1766%) - 2025$555$6,662

What the dues cover

in-unit electricitygaswatertrashcable TVtelephonewi-fi/internet (itemized $33.38/mo in 2026)building/property insuranceHO6 unit insurance (itemized per unit type)monthly in-unit pest controlNo capital contribution or transfer fee on sale; estoppel/COA letter $150, questionnaire $50 per page

Where the budget goes

No line-item budget in this set.

The figures, in the documents' words (27)
“Dunes Village 2026 Assessment Rates- 6% Increase”Dunes Village - Assessments.pdf, 2026 table heading
“Dunes Village 2025 Assessment Rates- 10% Increase”Dunes Village - Assessments.pdf, 2025 table heading
“1. How much are HOA dues? $1085.43”HOA Info.pdf, Q1
“3. What is included? Electricity, gas, water, trash, cable , telephone , wi-fi, property insurance, HO6, and pest control”HOA Info.pdf, Q3
“4. Are there any special assessments, either current or planned? If so, kindly provide details regarding the purpose of the assessment, its cost, payment frequency, and duration. Not at this time.”HOA Info.pdf, Q4
“5. Are there any separate insurance assessments? If so, please specify the amount and duration. No”HOA Info.pdf, Q5
“10. Are there any capital contribution fees or transfer fees associated with the sale of a property, and if so, what are the respective amounts? no”HOA Info.pdf, Q10
“COA's are $150 and questionnaires are $50 a page.”HOA Info.pdf, preamble
“You will find a plethora of helpful information on the website pertaining to your Association from assessments, insurance, financials, RAM contacts and more.”Dunes Village off-site rental rules (management email, Sept 2022), p. 1, covering paragraph
“Further, a late fee of $25.00 shall be assessed for each installment not paid within twenty (20) days after the due date thereof.”Master Deed.pdf, Article XXVII(G), p. 41
“(iv) a delinquency report listing all Owners who are delinquent in paying the assessments at the time of the report and describing the status of any action to collect such installments which remain delinquent (A monthly installment of the assessment shall be considered to be delinquent on the fifteenth (15th) day of each month unless otherwise determined by the Board of Directors}; and”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 20(f), p. 95
“(g) an annual report as of the end of the fiscal year consisting of at least the following shall be distributed to all Members within one hundred twenty (120) days after the close of the fiscal year: (1) a balance sheet; (2) an operating (income) statement; and (3) a statement of changes in financial position for the fiscal year. The annual report referred to above shall be prepared on an audited basis, by an independent certified public accountant for each fiscal year.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 20(g), p. 95
“Section 21. Borrowing. 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; provided, however, the Board shall obtain prior Voting Member approval by majority vote for special assessments in the event that the proposed borrowing is for the purpose of modifying, improving, or adding amenities, or the total amount of such borrowing exceeds or would exceed ten (10%) percent of the budgeted gross expenses of the ASSOCIATION for that fiscal year.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Exhibit E By-Laws, Article III Section 21, p. 95
“The monies to be deposited by the ASSOCIATION with the Insurance Trustee, in said latter event, may be paid by the ASSOCIATION out of its Reserve Fund for Replacements, and if the amount in such Reserve Fund for Replacements is not sufficient, then the ASSOCIATION shall levy and collect an assessment against all OWNERS and their UNITS, in an amount which shall provide the funds required to pay for said repair, replacement or reconstruction.”Master Deed of Dunes Village Horizontal Property Regime (recorded 10/16/2007, complete copy), Article XXIV, p. 37
“The Board of Directors of the ASSOCIATION, may in its sole and absolute discretion, elect to issue an insurance-related assessment to the OWNERS that is separate and apart from other general Regime assessments on either a quarterly, semi-annual or annual basis, as the Board of Directors may determine.”Master Deed.pdf, Article XXIV, p. 34
“2. Expenses declared common expenses by provisions of this Master Deed, including electricity charges for lighting, heating and air conditioning all units;”Master Deed.pdf, Article XXXVI(H)(2), p. 51
“Notwithstanding the provisions of Section 8, Subparagraph (A) of the Parking and Amenity Easement, the ASSOCIATION'S prorata share of the Financial Obligations (as defined in the Parking and Amenity Easement) for parking-related improvements shall be fifty-five and 77/100 percent (55.77%).”Master Deed.pdf, Article VI(A), p. 12
“(C) The right of the ASSOCIATION to suspend an OWNER'S voting rights and the right to use any of the COMMON ELEMENTS for any period during which any assessment against the OWNER'S UNIT remains unpaid;”Master Deed.pdf, Article VII(C), p. 18
“Provided that the total cost of acquiring the improvements will not exceed ten percent (10.0%) of the budgeted gross expenses of the ASSOCIATION for the then current fiscal year, the ASSOCIATION may, with the approval of the Board of Directors, assess each UNIT according to its Percentage Interest in the COMMON ELEMENTS of the Regime or as set forth in the applicable Fractional Instrument for the purpose of acquiring additional COMMON ELEMENTS.”Master Deed.pdf, Article XX, p. 30
“except that the OWNER of such UNIT shall be, in said instance, required to pay such portion of the costs of such maintenance, repair and replacement as shall, by reason of the applicability of any limitation in coverage and/or deductibility provisions of such insurance, exceed the amount of the insurance proceeds applicable to such maintenance, repair or replacement.”Master Deed.pdf, Article XXI, p. 31
“The OWNER of each UNIT shall, at his own expense, obtain insurance coverage for loss of or damage to any furniture, furnishings, personal effects and other personal property belonging to such OWNER and shall, at his own expense and option, obtain insurance coverage against personal liability for injury to the person or property of another while within such OWNER'S UNIT or upon the COMMON ELEMENTS.”Master Deed.pdf, Article XXIII, p. 32
“(D) The Board of Directors of the ASSOCIATION, in establishing said annual budget for the operation, management and maintenance of the Regime shall include therein a sum to be collected and maintained as a reserve fund for replacement of COMMON ELEMENTS, which reserve fund shall be for the purpose of enabling the ASSOCIATION to replace and/or conduct major repairs upon structural elements and mechanical equipment constituting a part of the COMMON ELEMENTS”Master Deed.pdf, Article XXVII(D), p. 40
“(E) The Board of Directors of the ASSOCIATION, in establishing said annual budget for operation, management and maintenance of the Condominium, shall include therein a sum to be collected and maintained as a general operating reserve which shall be used to provide a measure of financial stability during periods of special stress when such sums may be used to meet deficiencies from time to time existing as a result of delinquent payment of assessments by OWNERS of UNITS, as a result of emergencies or for other reasons placing financial stress upon the ASSOCIATION.”Master Deed.pdf, Article XXVII(E), p. 40
“It shall further be the obligation of the ASSOCIATION to perform the major repairs and replacements, for which reserves shall be established, at successive intervals not longer than in accordance with the anticipated useful life of each portion of the COMMON ELEMENTS.”Master Deed.pdf, Article XXII, p. 32
“The claim of lien filed by the ASSOCIATION shall be subordinate to the first priority lien of any mortgage recorded prior to the time of recording of the ASSOCIATION'S Claim of Lien.”Master Deed.pdf, Article XXVII(K), p. 42
“50 Angle Oceanfront 1 bdrm-Q 0.00307200 $ 965.82 $ 31.49 $ 26.68 $ 1,023.99 31-35”Dunes Village - Assessments.pdf, 2025 table (OCR-joined row)
“89900 - Repay Loan to DV 100,000.00”Pan American Property Owner Association, Inc. - 2024 Profit & Loss Budget Overview (supplied with the same listing; NOT a Dunes Village budget), p. 1, Expense, line 89900
05 Rules your guests will feel

What to put in the house manual.

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

PetsNo pets for owners or tenants ('This property is not pet-friendly' - RAM email, Sept 2022; HOA Info Q11 'no'). The Master Deed allows household pets subject to Board rules that may exclude pets by type, and bars animals from all common elements except hallways for ingress/egress; fractional units are no-pet unless designated.
Occupancyunstated (no per-unit occupancy cap in the Master Deed, original By-Laws, RAM email or HOA Info); balconies limited to 5 persons at a time
SmokingEntire property is non-smoking, including balconies (RAM email, Sept 2022, bullet 4).
Parking6-level garage with 676 spaces, shared first-come with up to 299 spaces for the adjacent Pan American regime and a 366-space floor for the Association; CU-1 may reserve up to 11 spaces; garage/gate keys issued at front desk against registration; 15-minute loading zone for cleaners. No trailers, campers, mobile homes, boats, watercraft or inoperable/unregistered vehicles on common elements without Board consent. The Board may tow vehicles violating parking rules without prior notice or hearing (Exhibit E Art. III Sec. 23(d)).
Golf carts, motorcycles, trailersMotorcycles and golf carts are permitted for owners (HOA Info Q12 'yes'); trailers, campers, boats and watercraft prohibited without Board consent.
AlsoNo signs or banners visible from outside the unit (no For Sale/For Rent signs; HOA Info Q14 'no'). No balcony enclosures, awnings, shutters, clotheslines, antennas or satellite dishes; no storage on balconies; patio furniture must be Association-approved; window treatments need a uniform backing; no structural changes without Association (and, while it owns a unit, Grantor) consent; unauthorized alterations removed within 3 days. No commercial activity in units or owner's closets. No right of first refusal on sale (HOA Info Q7). Nuisance, noise and odor covenants; nothing that raises the insurance rate. Valet and charge-to-room privileges unavailable to off-program units. Board fines, suspension of voting/common-area use, self-help and suits are the enforcement tools (Exhibit E Art. III Sec. 23).
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.