HOA Fees and Rental Rules

What the fee is paying for

Dues may cover insurance on the common elements, reserves, amenities, water, or a rental program. Two buildings with the same monthly number can be buying different things. Ask for the current budget and, if the association has one, the latest reserve study. A low fee with a thin reserve is not automatically a bargain.

Sherman Beach Group does not publish an average Myrtle Beach HOA fee. Any average would mix a garden building with an oceanfront tower and would be wrong for both. Get the number for the building you would buy.

Rental rules are not a city ordinance

Short-term rentals, minimum stays, rental caps, and owner-occupancy ratios are written by the association. Some buildings are built around a rental program. Others restrict leases to longer terms. The rule you need is the recorded one, including amendments, not the sentence in the remarks.

If income is part of the purchase, underwrite the rule you can enforce. The rental math note is about occupancy assumptions. It does not override a master deed. Flood insurance is separate from dues, even when the association buys a master flood policy.

Special assessments

A special assessment is a bill on top of dues, often for insurance, elevators, roofs, or reserves. Ask whether one has been adopted, noticed, or discussed in recent minutes. “None that I know of” from a listing is not the minutes.

Bring the questions to Lane at (717) 778-1554 or through contact. The condo HOA and flood article is the longer version of this checklist.

Questions about HOA Fees and Rental Rules

What is a typical Myrtle Beach HOA fee?

There isn’t a figure this site will stand behind. Fees are set by each association and pay for different things. Read that building’s budget.

Can every oceanfront condo be a weekly rental?

No. Some associations allow short stays, some cap the number of rentals, and some require longer leases. The documents control it.

Are HOA dues the same as property taxes?

No. Dues go to the association. Property tax is a separate bill, with its own 4% or 6% assessment discussion on the property-tax guide.

Who reviews the resale package?

Lane Sherman of Sherman Beach Group at eXp Realty reads it with you before you treat the dues line as the whole cost.

Who helps with hoa fees and rental rules?

Lane Sherman at Sherman Beach Group / eXp Realty, (717) 778-1554, myrtlebeachhousehunt.com/contact.