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What is townhouse?

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Anonymous

12y ago
Updated: 1/5/2023

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.

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Arturo Auer

Lvl 10
2y ago

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