Caymas

Key facts from Caymas's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

master planned residential community (Recitals, page 1)

Developer / declarant

SD San Marino, LLC, a Florida limited liability company (Opening paragraph and Article I, Section)

Governing law

Chapter 720, Florida Statutes (Article II, Section 1(b), page 7)

Assessments & dues

Not fixed; determined annually by Board budget (Article VIII, Section 2, page 19)

Special assessments

Permitted; before Turnover Date, requires majority approval of non-Declarant Owners (Article VIII, Section 5, page 20)

Collections & liens

Yes; upon recording Notice of Lien, perfected lien exists on Unit, prior to all except taxes and first mortgages; Association may foreclose (Article VIII, Sections 7 and 8, pages 21)

Reserves & fees

Board may (but is not required to) include a capital replacement reserve in the general budget (Article VIII, Section 3, page 20)

Architectural approval

Yes; Architectural Review Committee formed to review and approve plans for new construction and modifications (Article I, Section 2, page 2; Article IX)

Use restrictions

Yes; Units intended for development, use, and occupancy as an owner or detached residence for a single family (Article I, Section 38, page 6)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Unit; Class B (Declarant) – ten votes per Unit before Turnover, one vote per Unit after (Article IV, Section 2, pages 11-12)

Amendments

Declarant may amend by Supplemental Declaration prior to Turnover without Owner consent; after Turnover, addition of property requires majority of Class A votes, owner consent, and Declarant consent; withdrawal by Declarant requires consent (Article II, Sections 3, 4, and 6, pages )

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.