Myrtle Beach Resort HOA Risk Assessment: Workable with rules

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.

Can you rent it your way?

Favorable

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 renting is expressly allowed with no minimum stay, no on-site program and any manager, but owners must register their rental agent with management, accept a 23+ occupant rule for stays under 90 days set at master-association level, and are liable for all tenant fines.

Short-term rentalsAllowed

Must use on-site programNo

Owner may rent it personallyYes

Off-site manager allowedYes

Owner-use limitsNone stated. Units must be used for residential purposes; leasing for residential purposes is expressly not a 'business' (Rules Art. II Sec. 1). Occupancy capped at the number of heads of household and family permitted by county/state zoning.

RegistrationOwners must give Management (FirstService Residential) the name and contact information for their rental agent and are responsible for the rental company's compliance and for timely damage notification (Rules Art. V(c)). Service and emotional-support animals need an HOA registration form filed 30 days in advance (short-term rentals do not qualify for an ESA). Utility-trailer parking requests go to Management before arrival so the master-association security gate is notified. No general guest/tenant registration form, decal or pass requirement appears in these documents (master association pass rules are not in the set).

Advertising rulesOnly one 3 x 4 inch professionally designed 'For Rent' sign in a lower corner of the interior hallway window (Rules Art. II Sec. 17(a)); otherwise no signs on the building, common areas or any part of a unit visible from the exterior. Master Deed Art. XII(C)(4) and By-Laws Art. XII Sec. 11 bar advertisements/posters on the property except as authorized. No restriction on using the resort name or photos is stated.

Vote to change rental rulesMaster Deed: affirmative vote of 67 percent of all voting members (Art. VI); By-Laws: 67 percent of the total vote (Art. XX). Rules and Regulations (including the leasing article and fine policy) can be changed by the Board alone on 30 days' written notice (Rules Preamble, Art. XII Sec. 1). The lease age rules also sit in the master association's Declaration (Sec. 6.8), which its board amended by unanimous board resolution in 1998.

What the documents say (9)

“nothing herein contained shalt prevent any Co-Owner from leasing or renting his Apartment to third parties; provided, however, such Apartment shall, if so rented or leased, be used for residential purposes only by such lessee or renter and in compliance with this Master Deed and its Exhibits, the Act and Rules and Regulations properly promulgated.”Master Deed of Myrtle Beach Resort HPR, Article XI Use and Occupancy, p. 17

“Such renter or lessee may be removed from the Property and/or refused further entrance by the Board of Directors of the Association or its Gesignee for Non-compliance, and the Co-Owner of that Apartment shall be liable for all damages caused by his lessee or renter and all costs of removal which shall be a lien upn his Apartment the same as the lien for unpaid Common Expenses.”Master Deed of Myrtle Beach Resort HPR, Article XI Use and Occupancy, p. 17

“Leasing a UNIT for residential purposes shall not be considered a "business" within the meaning of this Section 1.”MBR HPR Rules and Regulations (2022), Article II Section 1 Residential Use, p. 3

“OWNERS must provide MANAGEMENT the name and contact information for their rental agent. OWNERS shall be responsible for rental companies' compliance with the ASSOCIATION RULES AND REGULATIONS and for timely notification of damage to a Unit (i.e., a water leak, etc.)”MBR HPR Rules and Regulations (2022), Article V Leasing (c), p. 9

“Each UNIT leased for a term of fewer than Ninety (90) days must be occupied by at least one person who has attained the a ge of twenty-three (23) years as of the beginning of the lease term, subject to (3) below.”MBR HPR Rules and Regulations (2022), Article V Leasing (d)(2), p. 9

“Bach unit leased for a term of fewer than ninety days must be occupied by at Jeast one person who has attained the age of 23 years as of the beginning of the lease term, subject to the exception below.”Amendment to Declaration of Covenants of The Myrtle Beach Resort Homeowners' Association, Inc. (3/29/1998), Section 6.8(b), p. 1

“An OWNER may install one 3" x 4" professionally designed advertising sign (i.e., "For Rent") on the interior ha llway windows in the lower left or right corner. Hand-drawn signs are not acceptable.”MBR HPR Rules and Regulations (2022), Article II Section 17 Signs (a), p. 6

“This Master Deed may be amended at the regular or any special meeting of the Association of the Regime, called and convened in accordance with the By-Laws, upon the affirmative vote Of 67 percent of all the voting members of the Association”Master Deed of Myrtle Beach Resort HPR, Article VI Amendment of the Master Deed, p. 9

“The ASSOCIATION reserves the right in its sole discretion to modify, amend, supplement, add to, or delete the RULES at any time upon thirty days' written notice.”MBR HPR Rules and Regulations (2022), Preamble, p. 1

Will your guests be treated like guests?

Typical

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 full amenity parity with no amenity fees, but there is no front desk, owners handle keys through HOA master-keyed locks and HOA lockboxes, guests face master-association gate fees for trailers and no-pet/no-ESA rules, and the master association's pass rules are not in the set.

Amenities for your guestsSame as program guests

Wristbands & parking passesNo wristband, decal or pass system is described in these documents. The 1982 deed lets the Board require permission and a fee for guest use of common elements, but the 2022 rules prohibit any amenity fee for pools, the lazy river or other common elements. Parking: at least one space per apartment (Master Deed Art. III Sec. 4); motorcycles only in designated areas west of the A Building; rental guests may bring motorcycle trailers only during official Bike Weeks and pay an entry fee at the master-association security gate; guests may never park or store a utility trailer; no long-term vehicle storage. The 2026 budget shows $125,000 'Gate fee agreement' income, terms unstated. The rules state that Article IX of the master association's Declaration gives this regime's Board 'the sole authority to determine any fees and assessments within the boundaries of the PROPERTY' (Rules Art. VIII Sec. 1), so master-level fees (gate, decals, passes) would apply outside the A Building parcel; those master rules are not in the set.

Check-inunstated (no front desk or check-in procedure is described; the HOA sells lockboxes for hallway doors, implying owner/agent-handled key exchange)

TrashGuests must bag refuse in secured heavy-duty plastic bags and use the on-property dumpsters; nothing may be left on balconies or around/inside the trash enclosure; bulky items go off-site at the owner's expense; damage to common elements from trash removal by owner, guests or contractor is charged to the owner (Rules Art. II Sec. 14).

ElevatorsElevators are common elements (Exhibit 1); no service-elevator or move-in rule is stated.

Housekeeping & linenunstated (no housekeeping, linen or inspection rules appear in these documents)

What the documents say (8)

“The amenities at MBR HPR are for the exclusive use and enjoyment for OWNERS, guests, and tenants. Misbehavior or violation of the RULES and REGULATIONS may result in loss of privileges of the recreational amenities for a period of up to thirty (30) days.”MBR HPR Rules and Regulations (2022), Article VI Recreational Amenities, p. 9

“No usage fee, charge, assessment, or other consideration shall be charged to any person for the use of any amenities, recreational features, or COMMON ELEMENTS located on the PROPERTY. Fees and service charges which are described as "amenity fees" are hereby prohibited. Specifically, no fees shall be charged for any amenities or recreational features located on the PROPERTY, including any water features such as pools, the lazy river, or any associated feature.”MBR HPR Rules and Regulations (2022), Article VIII Section 2 Prohibition on Usage Fee and Charges, p. 11

“Guests and invitees of. an Occupant of a Apartment and the Co-Owner of an Apartment (while another occupies his Apartment) may only use the Common Elements, including facilities under the Long Term Lease, with the express permission of the Board of Directors and subject to such terms and conditions as the Board of Directors may specify in its sole iscretion, including the payment of a fee for the use thereof.”Master Deed of Myrtle Beach Resort HPR, Article III Section 3 The Common Elements, p. 6

“Rental guests are only allowed motorcycle trailers during official designated Bike Weeks and are subject to an entry fee at t he security gate controlled by the Myrtle Beach Resort HOA (Master) Association.”MBR HPR Rules and Regulations (2022), Article II Section 24 Motorcycles and Trailers, p. 7

“Guests are not allowed to park or store a utility trailer at any time of the year. Vehicles may not be parke d or stored long-term.”MBR HPR Rules and Regulations (2022), Article II Section 25 Utility Trailers and Vehicle Storage, p. 7

“The Association through its Board shall suspend any Co-Owner not paying Assessments when due and such Co-Owner and any lessee, guest or invitee or other person planning to occupy that Co-Owner's Apartnient by reason of permission of that Co-Owner or use the facilities of the Regime shall be refused entrance into the Regime and use of the facilities thereof until all Assessments and penalities to which such Co-Owner is subject have been paid.”By-Laws of Myrtle Beach Resort HPR Council of Co-Owners, Article XII Section 5, Exhibit 3-8

“Refuse, rubbish, and garbage shall be disposed of in a secured, heavy -duty plastic bag and deposited in dumpsters located on the property . No refuse, rubbish, or garbage shall be pl aced on the balconies, around the trash enclosure, or on the floor of the trash enclosure, etc. at any time or for any reason.”MBR HPR Rules and Regulations (2022), Article II Section 14 Trash, p. 4

“Article IX of the Covenants, Condition, and Restrictions of MBR HOA confer upon the BOARD OF DIRECTORS of the ASSOCIATION the sole authority to determine any fees and assessments within the boundaries of the PROPERTY.”MBR HPR Rules and Regulations (2022), Article VIII Section 1 Authority, p. 11

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.

Normal hosting plus rental-agent registration, master-key-system locks and HOA-only lockboxes, strict contractor licensing/insurance/hours rules, owner liability for tenant fines up to $1,500 a year and posting rules in the unit; no 30-minute response rule or owner trash hauling.

Local contactunstated as a general requirement; owners must give Management the name and contact information of their rental agent (Rules Art. V(c)).

Locks & keysAll deadbolts and locks must be keyed to the MBR HPR Association master maintenance key system using the HOA-approved locksmith; no owner or tenant may alter or install locks without giving the Association access; the Board or its agent may retain a key; a lockbox may be installed on the hallway door only if purchased from and installed by the HOA (Rules Art. II Sec. 6(c)-(d), Sec. 19). Hallway doors may carry only a peephole, a wireless doorbell switch, the standard HOA non-smoking sign and the HOA lockbox (Rules Art. II Sec. 6(c)); the Board may enter the unit with its retained key for maintenance, inspection, pest control or emergencies (Sec. 19; Master Deed Art. XII(C)(3)).

FinesExhibit A fine policy: general violations up to $100 per day or per occurrence; pet/animal violations $100 per occurrence and unapproved emotional-support animal $50 per day; health and safety violations (fireworks, throwing items from balconies, trash attracting pests, glass at the pool, flood/fire threat) up to $500 per occurrence; maximum annual fine $1,500. Owner gets written notice and 15 days to request a Board hearing. Owners are ultimately responsible for tenant fines and for all enforcement costs including attorneys' fees; amenity privileges can be suspended up to 30 days; the deed lets the Board bar a non-compliant renter from the property and lien the unit for removal costs.

Contractors & vendorsBefore any contractor works inside a unit the owner must give the Association proof of a valid contractor/specialty license plus certificates of liability and workers' compensation insurance; contractors must wear ID, display a parking permit and remove debris by 6:00 p.m. daily; work hours 8:00 a.m.-5:00 p.m. Monday-Saturday, no Sunday work; owners may not hire contractors to touch common elements. Interior wall, plumbing or electrical changes need written Association approval (Rules Art. III). Any exterior addition, change or alteration (expressly including exterior color changes, screen doors, storm windows and storm doors) needs prior written MASTER ASSOCIATION approval submitted through Management (Rules Art. III). Replacement exterior doors are approved by the regime's Board and must be bronze aluminum/vinyl/composite hurricane-rated (Rules Art. II Sec. 7(a)); professional black bedroom-window tint and heat-control sliding-door tint are permitted without separate approval (Sec. 6(b), 7(b)). Window treatments need uniform black or white backing (interior) / white backing (exterior).

AlsoNo washers or dryers may be installed in any unit (existing ones grandfathered only if registered by October 2, 2022 and must be removed at sale). Hot water heaters must be replaced at end of useful life (recommended every 10 years) at owner expense. Owner must maintain HVAC, water heater, appliances, interior plumbing/electrical, doors, windows and glass (Master Deed Art. XII(C)). Rules must be posted in the unit and tenants told they are subject to fines. Pets prohibited for owners, guests and tenants (grandfathered existing animals only); service/ESA animals need 30-day advance registration and short-term rentals do not qualify for an ESA. Balcony limits: two non-metallic drying racks distributed by the Association, one non-metallic storage cabinet, outdoor-rated furniture below railing height. Quiet hours 11 p.m.-7 a.m. Drones, fireworks, grilling outside Association grills, skates/scooters/hoverboards/mopeds prohibited.

What the documents say (13)

“ALL deadbolts and locks must be keyed to the MBR HPR ASSOCIATION MASTER KEY SYSTEM. Before changing locks, an OWNER must first check with Management to obtain the recommended vendor.”MBR HPR Rules and Regulations (2022), Article II Section 6(d), p. 3

“No OWNER nor tenant shall alter any lock or install new locks on any door without providing the ASSOCIATION access to their unit. All Condominium Units must be keyed to the Master Maintenance Key System.”MBR HPR Rules and Regulations (2022), Article II Section 19 Right of Access, p. 6

“Tenants shall abide by the ASSOCIATION'S MASTER DEED, BYLAWS, AND RULES AND REGULATIONS and fai lure to do so may result in fines arising from violations of the documents. OWNERS are ultimately responsible for such fines assessed as a result of the actions of the tenant.”MBR HPR Rules and Regulations (2022), Article V Leasing (a), p. 9

“ALL VIOLATIONS SHALL BE THE FINAL RESPONSIBILITY OF THE OWNER. THE MAXIMUM ANNUAL FINE AMOUNT IS $1,500.00.”MBR HPR Rules and Regulations (2022), Exhibit A Fine Policy, p. 13

“(1) GENERAL VIOLATIONS: Subject to fines, not to exceed $10 0.00 per day or per occurrence (up to the maximum annual amount).”MBR HPR Rules and Regulations (2022), Exhibit A Fine Policy, p. 13

“(3) HEALTH AND SAFETY VIOLATIONS: Subject to fines, not to exceed $500.00 per occurrence (including but not limited to shooting fireworks on ASSOCIATION PROPERTY; throwing items from balconies; accumulation of trash and/or other materials that may attract pests; glass at the pool; threat of flood or fire damage to neighboring properties, etc.)”MBR HPR Rules and Regulations (2022), Exhibit A Fine Policy, p. 13

“No repairs, renovations, or construction work shall be performed inside a UNIT by c ontractors, subcontractors, or similar companies unless OWNER furnishes the ASSOCIATION with proof of a valid contractor or specialty license required for the work together with a certificate of liability and worker's compensation insurance.”MBR HPR Rules and Regulations (2022), Article IV Section 1 Owner Duties, p. 8

“Work hours shall be observed fr om 8:00 a.m. until 5:00 p.m. Monday through Saturday. No work is allowed on Sunday.”MBR HPR Rules and Regulations (2022), Article IV Section 3 Work Hours, p. 8

“Short-term rentals do not qualify to have an emotional support animal. 30-days advance registration required.”MBR HPR Rules and Regulations (2022), Article II Section 16(d) Pets and Animals, p. 5

“Washers a nd dryers are not allowed to be installed in any Myrtle Beach Resort Horizontal Property Regime, Inc. condo as of January 20, 2022.”MBR HPR Rules and Regulations (2022), Article III Architectural Control, Amendment dated September 1, 2022, p. 7

“An OWNER renting his or her UNIT is responsible for the actions of their Tenants . OWNERS should notify Tenants in advance of occupancy that the RULES apply to Tenants and that Tenants are subject to fines by the ASSOCIATION or MANAGEMENT if Tenants violate any RULES OR REGULATIONS. RULES should be posted in the UNIT in a prominent place.”MBR HPR Rules and Regulations (2022), Article VII Right to Quiet Enjoyment (d), p. 10

“A lockbox purchased from and installed by the HOA”MBR HPR Rules and Regulations (2022), Article II Section 6(c)(4), p. 3

“OWNERS may be liable and responsible to the ASSOCIATION for all costs of enforcement, including reasonable attorneys' fees. In the event the R ULES conflict with any provisions of the MASTER DEED, the MASTER DEED shall prevail.”MBR HPR Rules and Regulations (2022), Article XI Default and Enforcement, p. 11

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.

Reserves funded at about 15.6% of budget and dues fell 4.3% with no special assessment shown, but insurance is 37% of the budget billed as a separate assessment with unstated deductibles, a 19.5% opaque master-association pass-through, a 42% jump in maintenance staff cost and no reserve balance or financials supplied.

2026 budget$2,243,587

Dues change-4.3% on the year

Reserves16% of budget

Special assessmentsNone in the documents

InsuranceInsurance is budgeted at $835,000 for 2026 (down 9.7% from $925,000 in 2025) and is recovered through a separate 'Insurance Assess' income line of the same amount, consistent with Master Deed Art. X Sec. 3 which makes premiums a common expense paid separately each month by each Co-Owner to the Insurance Trustee (Capital Acceptance Corporation was appointed in 1982). The deed also lets the Insurance Trustee assess owners for a self-insurance fund to cover deductibles. Liability coverage of at least $500,000 per occurrence is required (Art. X Sec. 12). The Hazard rule (Rules Art. II Sec. 20) bars anything that raises the rate or cancels the policy. The deed expressly preserves each owner's right to insure his own apartment for his own account (Art. X Sec. 8) but states no HO-6 requirement. Deductible amounts, carrier and policy limits are unstated.

FloodMaster Deed Art. X Sec. 1 requires the Board to insure the whole property (common elements and apartments) against fire, earthquake, flood, vandalism and the elements (windstorm, etc.) for full replacement; whether a separate flood policy is in force today is unstated.

Passes through to a master association20% of the budget

DelinquencyAssessments due the first of each month; a late charge of the greater of $10 or 10 percent of the amount due after 10 days (Master Deed Art. IX; By-Laws Art. XII Sec. 2); lien on the unit foreclosable like a mortgage with attorneys' fees and collection costs; delinquent owners and their lessees/guests are refused entrance to the regime and use of the facilities until paid (By-Laws Art. XII Sec. 5; Master Deed Art. III Sec. 3). 2026 budget carries $2,445 Late Fees/NSF income and $7,500 Uncollectible Assoc. expense (2025: $3,500 and $10,000).

What the documents say (16)

“Regular Assessments $ 1,552,742 $ 1,621,786”(134) MBR HPR Operation Budget 2026, Income, p. 1 (2026 approved / 2025 approved)

“Reserve Funding (350,000) (350,000)”(134) MBR HPR Operation Budget 2026, Income, p. 1

“Insurance Assess 835,000 925,000”(134) MBR HPR Operation Budget 2026, Income, p. 1

“Gate fee agreement 125,000 -”(134) MBR HPR Operation Budget 2026, Income, p. 1

“Total Income $ 2,243,587 $ 2,268,786”(134) MBR HPR Operation Budget 2026, Income, p. 1

“Insurance Expense 835,000 925,000”(134) MBR HPR Operation Budget 2026, General & Administrative, p. 1

“Maintenance Staff 426,211 300,000”(134) MBR HPR Operation Budget 2026, Repairs & Maintenance, p. 1

“MPOA Assessments 437,263 470,000”(134) MBR HPR Operation Budget 2026, Other Expenses, p. 2

“Reserve Study - 2,000”(134) MBR HPR Operation Budget 2026, Other Expenses, p. 2

“Total Expenses $2,243,587 $2,268,786”(134) MBR HPR Operation Budget 2026, p. 2

“As the Regime is presently constituted, there is appurtenant to each two bedroom Apartment an undivided .4178 98/359ths percent ownership in the Common Elements of the Property and share in the Common Expenses and Assessments and Common Surplus of the Regime.”Master Deed of Myrtle Beach Resort HPR, Exhibit 2-1 Property Rights and Percentage of Interest

“As the Regime is presently constituted, there is appurtenant to each one bedroom Apartment an undivided .2785 185/359ths percent ownership in the Common Elements of the Property and share in the Common Expenses and Assessments and Common Surplus of the Regime.”Master Deed of Myrtle Beach Resort HPR, Exhibit 2-1 Property Rights and Percentage of Interest

“Insurance Premiums are and shall be a part of the Common Expenses; Provided, however;- they shall be paid separately and to the Insurance Trustee by each Co-Owner at such address as it shall designate.”Master Deed of Myrtle Beach Resort HPR, Article X Insurance, Section 3, p. 13

“The Co-Owners shall pay, pro rata with other owners of dwelling Apartments in other properties within the Resort who shall be given similar easements and licenses of use, all costs of maintenance, upkeep and repair arising out of or associated with the Resort Facilities as such exist from time to time, such costs to include but not limited to providing management supervision and control thereof, property taxes, insurance and maitenance and reserve funds and all other costs connected or associated therewith (herein collectively called "Resort Expenses").”Master Deed of Myrtle Beach Resort HPR, Article XVIII The Myrtle Beach Resort, p. 27

“Such Assessments shall include monthy payments to a general operating reserve in a reserve fund for replacements and all other things as required or set forth in Master Deed, The Act and/or these By-Laws.”By-Laws of Myrtle Beach Resort HPR Council of Co-Owners, Article XII Section 1, Exhibit 3-8

“Upon assessments that are unpaid for over ten (10) days after due date, at the sole discretion of the Board of Directors (and if not prohibited by law), a late charge not to exceed $10.00 or 108 of the amount due, whichever is yreater, shall also be due and payable to defray the expense of late collection.”Master Deed of Myrtle Beach Resort HPR, Article IX Assessments, p. 11

Who's really in charge?

Typical

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.

Owner-elected seven-member board, 67% amendment threshold and no commercial unit or rental-desk monopoly, but the regime is 'subordinate to' a master association (gate, exterior approvals, 19.5% of the budget) whose documents are not in the set, and the deed keeps un-amendable Declarant/'Present Owner' rights over Resort Facilities and easements that have no sunset (the Art. XV rights lapse once the Declarant owns no unit; current holder unstated).

StructureTwo tiers: a master association above this one

Master associationThe Myrtle Beach Resort Homeowners' Association, Inc. (MPOA)

Commercial unitNone

BoardSeven-member Board of Directors elected by the owners at the annual meeting (first quarter of the year) for staggered two-year terms, no cumulative voting; directors must be owners in good standing and lose their seat if delinquent; officers elected from the Board annually and serve without pay; Board meets at least quarterly; a 2/3 Board vote can declare an annual-meeting quorum with only 1/3 of votes present (By-Laws Art. VIII-XI). The initial three-member Declarant board was to hand over within nine months of the 1982 recording (Master Deed Art. II Sec. 4).

Developer rightsResort Investment Corporation (Delaware) reserved, while it owns any apartment: the right to sell/lease its units free of restrictions; exclusive right to contract for water, sewer, utility, telephone and television services binding on the association; the right to enter other agreements binding on owners; use of common elements and any apartment for sales, rental, management, model, laundry or maintenance offices and signs; a right to annex Phases II-III by sole action (deadlines April 1984 and June 1985); the right to grant easements and licenses to use the beach and amenities to outside parties for a fee; and 'Resort Facilities' control with owners paying 'Resort Expenses' to the Declarant (Master Deed Art. XI, XIV, XV, XVIII). No amendment may change Declarant rights without its written consent (Art. VI, VII), and a construction mortgagee inherits all Declarant rights on foreclosure (Art. XVI). Important limit: the Article XV rights (free sale/lease of its units, exclusive utility/TV/phone contracting, binding agreements, sales/rental/management office use) apply only 'so long as the Declarant continues to own any of the Apartments' (Art. XV Sec. 1), and the Declarant's architectural veto likewise lasts only while it owns an apartment (Art. IV); the easement-granting rights (Art. XIV), the beach/amenity licenses to outside users for fees (Art. XIX(J)) and the Resort Facilities/Resort Expenses regime (Art. XVIII, which also names a 'Present Owner' of the balance of the 44.62-acre tract) carry no such sunset. Art. XI also provides that nothing restricts the Declarant 'or any successor interest' from conveying apartments under a time-sharing or interval-ownership plan. Whether the Declarant or any successor still owns an apartment or exercises any of these rights in 2026 is unstated.

Commercial-unit rightsNo commercial unit exists in this regime as constituted (the 4 commercial units and convention-center apartment belonged to unbuilt Phases II-III, Exhibit 2). Master Deed Art. XI permits only Declarant model/management/sales/rental offices and commercial laundry and vending equipment; the 2026 budget shows the association itself earning Laundry/Vending ($20,155), Storage Lot Lease ($22,200), Pizza/Market ($14,400) and Gate fee agreement ($125,000) income. No on-site rental program or operator monopoly appears in any document.

VotesOne voting member per unit; 3 votes per two-bedroom and 2 per one-bedroom apartment, 718 total; majority = 51% of total votes; quorum 51% (reducible to 1/3 by Board action); proxies allowed (filed 15 days before a regular meeting); written consent in lieu of meeting needs 67% (By-Laws Art. VII, XI; Master Deed Art. II Sec. 3).

Changing the deedMaster Deed 67% of all voting members (Art. VI); By-Laws 67% of total vote (Art. XX); no amendment may change any apartment's percentage share or votes without all owners and all mortgagees joining; alterations/additions to common elements need Board plus 75% of total votes and 90% of mortgage debt holders (Art. XII(B)); termination needs all owners and mortgagees. Rules change by Board on 30 days' notice. The regime is also 'subordinate to MBR HOA' (master association) whose Declaration its board amended by board resolution in 1998.

Disputes or lawsuitsunstated. No lawsuit or dispute document is in the set; the 2026 budget raises Legal Services from $10,000 to $25,000 without explanation.

What the documents say (12)

“The Association shall be managed and governed by a Board of Directors (herein called the Board) consisting of seven (7) members.”By-Laws of Myrtle Beach Resort HPR Council of Co-Owners, Article VIII Administration, Section 1, Exhibit 3-3

“Directors elected at subsequent elections shall be elected for a term of two years, and shall be elected at the regular Annual Meeting of the Association.”By-Laws of Myrtle Beach Resort HPR Council of Co-Owners, Article VIII Administration, Section 1, Exhibit 3-3

“Myrtle Beach Resort Horizontal Property Regime is subordinate to MBR HOA pursuant to the Declaration of Covenants, Conditions, and Restrictions for MBR HOA. All OWNERS, residents, guests, tenants, and invitees shall be subject to Master Deed, By-Laws, and these Rules and Regulations of MBR HOA.”MBR HPR Rules and Regulations (2022), Article X Myrtle Beach Resort Homeowners Association, Inc. (MBR HOA), p. 11

“All site work, improvements and other items placed on a UNIT are subject to prior approval of the MASTER ASSOCIATION.”MBR HPR Rules and Regulations (2022), Article III Architectural Control, p. 7

“No amendment shall change the rights and privileges of Declarant, its successors and assions, without written approval and consent of the Declarant, or its successors or assigns.”Master Deed of Myrtle Beach Resort HPR, Article VI Amendment of the Master Deed, p. 9

“The Declarant shall have the right at any time to sell, transfer, lease or re-let any any 'ipartment(s) which the Declarant continues to own after this Master Deed has been recorded, without regard to any restrictions relating to the sale, transfer, lease or form of lease of Apartments contained herein and without the consent or approval of the Association or any other Co-Owner being required.”Master Deed of Myrtle Beach Resort HPR, Article XV Certain Rights of Declarant, Section 1(a), p. 23

“In order to provide the Regime with, among other things, adequate and uniform water service, sewage disposal service, utility services, telephone services and television reception, the Declarant reserves the exclusive right to contract fer the provision of such services.”Master Deed of Myrtle Beach Resort HPR, Article XV Certain Rights of Declarant, Section 1(e), p. 23

“No commercial or business activity shall be carried out in any Apartment or other part of the Submitted Property except that the Declarant, its successors and assigns, may maintain and use one or more Apartments of the Condominium owned or leased by it, its successors or assigns, designated by Declarant as a model and/or for management, sales and/or rental offices, and commercial laundry and vending equipment may be maintained and maintenance and laundry equipment kept and maintained in areas of the Common Elements suitable for such purposes.”Master Deed of Myrtle Beach Resort HPR, Article XI Use and Occupancy, p. 17

“Declarant (its successors or assigns or Present Owner, as the case may be) or its designee shall establish rules and regulations for use of the Resort Facilities and the Board of Directors shall appoint a Resort Facilities committee to assist in formulating and enforcing the Same”Master Deed of Myrtle Beach Resort HPR, Article XVIII The Myrtle Beach Resort, pp. 27-28

“The fees for rental of such television sete and for such services ($12.50, plus applicable taxes, per Apartment per month) shall be Common Expenses.”Master Deed of Myrtle Beach Resort HPR, Article XV Section 1(f), p. 24 (Television Lease Agreement is Exhibit 4; Telephone Lease Agreement at $50 installation plus $15 per month is Exhibit 5)

“There shall be no alterations or additions to the. Common Elements or any part(s) thereof except as authorized by the Board of Directors and approved by not less than seventy-five (758) percent of the total vote of the Co-Owners of the Regime”Master Deed of Myrtle Beach Resort HPR, Article XII Maintenance and Alterations, Section B, p. 18

“Notwithstanding any other provisions herein, so long as the Declarant continues to own any of the Apartments, the following provisions shall be deemed to be in full force and effect, none of which shall be construed so as to relieve the Declarant from any obligations as a Co-Owner to pay assessments”Master Deed of Myrtle Beach Resort HPR, Article XV Certain Rights of Declarant, Section 1, p. 22

Unit type	Per month	Per year
Two-bedroom apartment (3 of 718 votes, approx. 0.4178% share) - regular assessment only, computed as 2026 Regular Assessments $1,552,742 x 3/718	$541	$6,488
Two-bedroom apartment - separate insurance assessment, computed as 2026 Insurance Assess $835,000 x 3/718	$291	$3,489
Two-bedroom apartment - regular plus insurance assessment combined (computed)	$831	$9,977
One-bedroom apartment (2 of 718 votes, approx. 0.2786% share) - regular assessment only, computed as $1,552,742 x 2/718	$360	$4,325
One-bedroom apartment - separate insurance assessment, computed as $835,000 x 2/718	$194	$2,326
One-bedroom apartment - regular plus insurance assessment combined (computed)	$554	$6,651

Myrtle Beach Resort.

The documents behind this page.

More than one association at this resort.

What the documents decide
before your first guest books.

Can you rent it your way?

Will your guests be treated like guests?

How much work lands on you?

Is the money healthy?

Who's really in charge?

For the owner who runs it themselves.

Working for you

Watch-outs

What you pay, and where it goes.

Regular assessments, 2026

What the dues cover

Where the budget goes

What to put in the house manual.

What to ask the association for.

Have the documents read
for the building you are weighing.

Myrtle Beach Resort.

The documents behind this page.

More than one association at this resort.

What the documents decidebefore your first guest books.

Can you rent it your way?

Will your guests be treated like guests?

How much work lands on you?

Is the money healthy?

Who's really in charge?

For the owner who runs it themselves.

Working for you

Watch-outs

What you pay, and where it goes.

Regular assessments, 2026

What the dues cover

Where the budget goes

What to put in the house manual.

What to ask the association for.

Have the documents readfor the building you are weighing.

What the documents decide
before your first guest books.

Have the documents read
for the building you are weighing.