Myrtle Beach Resort
|Phase I||Building A||One Bedroom||356.00|
|Phase II||Building B*||One Bedroom||276.00|
|* Building insurance paid separately through the HOA.|
|Phase III||Renaissance Tower||Small Sun Suite||236.00|
|Large Sun Suite||340.00|
Grand and Ocean Front
|Phase IV||Five Seasons Center||One Bedroom||390.00|
What do the Homeowners Association Fees cover?
The Homeowner Association Fees cover Water, Sewer, Insurance on the Building, Maintenance of the Buildings and Grounds, Electricity for the Common Areas, Trash Collection, Pest Control, Management Fees, and support of the Master Association, which provides Telephones and Local Telephone Service, Televisions and TV Cable Service, and 24 Hour Security.
Does Each Homeowner have to carry Insurance?
Liability and content insurance coverage is the responsibility of the owner.
What about Heating and Air Conditioning?
Each condo has its own central Heating and Air Conditioning system, which is the responsibility of the Homeowner.
What about electricity?
Each Homeowner is responsible for his own Electric Bill. The amount of an Electric Bill depends on many factors including the size of the Condo and the weather. An average would be from $600 to $900 per year.
What Fee is charged by MBRV for Renting the Condo?
Rental Services are available through Myrtle Beach Resort Vacations for which we charge 30% of Gross Rental Income. There are no other charges to the Homeowner for the Rental Service. We pay any Credit Card Discounts or Travel Agents Commissions. Cleaning, Linen Service, and Sales Taxes are the responsibility of the Guest. Rentals are disbursed to Homeowners weekly, usually within a week of the time the Guest checks out.
What other costs are involved in ownership?
The only remaining cost is, of course, maintenance of the Condo. This includes repair or replacements of items, including furniture, furnishings, fixtures, equipment, and house wares, which become broken, worn out, or missing. Myrtle Beach Resort Vacations will look after these problems and bill the Homeowner, usually by deducting the costs from the Homeowner’s Rental Check.