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A condominium is always a form of real estate ownership, regardless of the style of the home.
A townhouse is a style of home and can be owned outright, rented or owned as a condominium.
In some places, the term 'townhouse' and 'condominium' are used interchangeably, but the two do not not always mean the same thing.
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∙ 14y ago
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Is a townhouse like a condo?
A little, but they are different. A townhouse is usually a row house, one of several attached buildings. They may have completely separate ownership. A condominium ("condo") is often more like an apartment but essentially it is a residence that is part of a group that has shared management and maintenance. The condo owner is responsible for inside the walls the a Home Owners Association (HOA) is responsible for the outside and the grounds. The condo owner will pay a monthly fee to the HOA for this work.
How does one know if a property is a condo or townhouse?
One queries the local hall of land-use records with an address to ascertain the real estate ownership type for that address.
Home townhouse condo river view Cincinnati oh?
A local realtor can answer your question.
How much condo townhouse?
Your answer is location, location, location. A local realtor can answer your question precisely.
Can a condo or a townhouse be used as a daycare?
Your condominium or townhouse operates under a set of governing documents that may or may not allow this use of the property. Read them to answer your question. A townhouse may or may not operate under a set of governing documents. If your townhouse is essentially a single family home, you can work with the local licensing authority to work out operating a day care from your townhouse.
How are townhouses different from condominiums and apartments?
A townhouse can be an apartment--from a living perspective, it is defined as a dwelling which is attached to the adjacent properties and which has two or more stories. From an ownership perspective, a townhouse differs from a condominium in that the owner of a townhouse owns their building and the land underneath it while a condo owner owns the airspace between the demising walls of their property and then a shared interest in the rest of the property (i.e., if a development has 60 condo units, everyone owns their airspace and then 1/60th of the total property). In general, townhouses only have neighboring units on the sides have no other units above, below or behind them. Quite frequently, townhouses also come with front or back yards. Apartments and condominiums normally do not have yards and often have neighboring units on all sides except.
What is townhouse?
A townhouse -- which is a style of building, is owed by a condominium association, which is a style of real estate ownership. Condominium associations own all the common elements in the real estate development, each owner holding a percentage of ownership that relates to his/her allocated interest. In addition, the owner owns title to a unit. In this case, the interior of the townhouse is the unit -- boundaries between individual and association ownership defined in CC&Rs -- which is titled to an owner, together with that percentage ownership of all common elements owned by the association.
Can a condo townhouse be of fire-resistant construction?
Yes, it is possible for a condo townhouse to be constructed with fire-resistant materials. Fire-resistant construction materials such as concrete, brick, or steel can be used to enhance the fire safety of the building. Additionally, fire-resistant building techniques such as proper insulation, fire-rated walls, and fire-resistant doors can be implemented to further reduce the risk of fire spread in a condo townhouse.
What's the difference between a condo and a duplex?
The word condo describes a form of ownership. The word duplex describes the style of a unit. Essentially, a condo could be in the style of a duplex or town house.
Is a townhouse usually owned or rented?
In larger cities, a townhouse is usually owned, but in suburbs or smaller cities they are often rented, either with a lease, tenant-at-will agreements, or for short-term sublets. Even if you are renting, you are still subject to rules by any condo board association.
What is condo unit?
A condominium unit is the space available for ownership as defined by the land-use documents for the condominium association filed in the local court house. The unit may be defined as land, moorage, a townhouse, a suite, an apartment, a single family dwelling, part of a duplex or other enclosed area for which an owner holds a deed.
What is condo house?
This phrase describes a house that is owned by deed as a condominium, meaning that all owners in the association own a percentage of the total real estate assets, based on individual allocated interests.
