Frequently Asked Questions

Community Association Definitions

What is Community Association Management?
What does Grace Property Services do for our Community?
What are the different types of Associations?
What is an Assessment?
What are Capital Items?
What are Reserves?
What is a Reserve Study?
What is a Fully Funded Reserve?
What is a Special Assessment?
What are Governing Documents?
What is the Declaration?
What are Bylaws?
What are CC&Rs?
Who is the Declarant?
What is a Board of Directors?
What is an Amendment?
What is a Rules Book?
What is a Common Element?
What is a Limited Common Element?
What is a Quorum?
What is a Proxy?
What is a Lien?

Grace Property Services, Helping to Guide Community Associations Throughout Ohio