SECTION D
KEYS, FOBS, CARD KEYS, AND OPENERS

A. All keys, FOBs, card keys and electronic openers are the property of the homeowner. Each unit is entitled to two (2) keys, FOBs and card keys that open pedestrian gates within the community, and to two (2) card keys that open the vehicle gate on 17th Street. No charge is made for these and they must be transferred to the new owner through escrow. Failure to do so will result in charges as a lost or stolen item as set forth below.

B. Electronic openers, keys, FOBs and card keys in excess of the above are a part of the sale as negotiated between buyer and seller. Additional keys and card keys required for the residents of a unit are available from the Management Company upon payment of the following charges
.
KEYS/ FOB                            $35.00
GATE CARD KEYS             $ 5.00
REMOTES                             $50.00

C. Replacement for lost or stolen keys or card keys can be obtained from the Management Company upon payment of above listed replacement charges. These charges will be refunded in the event that the lost or stolen key or card key is recovered and returned to the Management Company.

 

SECTION E
SELLING A HOME UNIT

A. Certain formalities affecting the interest of the BEACHWALK HOMEOWNERS ASSOCIATION are handled through the escrow:

1. Collection of outstanding, dues, assessment, etc.
2. Pro-rating of dues and assessment.
3. Transfer of Association keys, FOBS, gate card keys and electronic openers.

B. A lien in the name of the Association will be recorded on any home within the Beachwalk Homeowners Association that is delinquent on their Association dues or any other amount that has been assessed against said homeowner. See the current Collection Policy in regards to placement of liens, and collections of monies due the association at time of sale. All monies will be collected during the closing of escrow.

C. The process is simplified if the present owner will advise the Management Company that a sale has been entered into escrow.

D. Information received through escrow enables the Association to keep their records current.

E. You will save yourself possible delays and problems if you will comply with these regulations when you sell your unit.

SECTION F
PROPERTY INSURANCE

The Association shall maintain insurance on all common areas in accordance with our CCRs.  In addition, the Association may choose to (but is not obligated to) maintain insurance on the dwelling units.
A.  Each homeowner is responsible for reviewing and understanding the limits of coverage provided by the Association master insurance policy.  Homeowners can review the Beachwalk website (www.beachwalkhoa.org) and/or call the management company for current insurance information.
B.  Each homeowner is responsible for obtaining and maintaining the following insurance:
1.  Personal Property Coverage that insures unit contents such as furniture, clothing, dishes, appliances, computers, etc.. Owners with high value jewelry, art or collectibles will need a "scheduled or unscheduled floater."
2.  Personal Liability Protection.  Owners must carry their own personal liability insurance in the event  someone is injured in their unit. This should also cover injuries in neighboring units caused by fires or floods originating in an owner's unit.
3.  Loss of Use Protection that pays for extra expenses (hotel, restaurants, etc.) while the owner's home is uninhabitable because of damage.
4.  Loss Assessment Coverage that covers the owner's portion of special assessments levied by the Association resulting from insured losses.
5.  Real Property Coverage that insures those portions of the premises not insured by the Association's master policy, such as hardwood floors, kitchen cabinets, plumbing and electrical fixtures, etc.
6.  Earthquake Loss Assessment that pays for losses related to an earthquake.
C.  For any loss attributable to an owner that results in a claim against the Association's insurance, the owner shall pay the deductible.   Losses attributable to owners include circumstances due to their own negligence or because something under their control failed (such as dishwasher leaking or architectural modification, i.e. skylights, failing.)
D.  To initiate a claim against the master insurance policy, homeowners must contact the management company, in writing, as soon as reasonably practicable.  Failure to initiate a claim as soon as possible may result in the insurance carrier denying the claim.

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