What is a condo-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.