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What makes a Condominium different from a Townhome.


The word "Condominium" is latin, Meaning "common ownership" or "common control"

A buyer of a condominium owns his or her individual unit, plus a percentage of the surrounding property, including land and any amenities on the property.

The terms of condominium ownership sometimes are cloudier, simply because owners share more common areas (for example, stairs and hallways) than do Townhome owners.

Basically, condo unit owners own the inside of their units. Condo  owners share ownership of the common areas with other owners, while common areas in townhome developments are usually owned by the homeowners' association for the benefit and use of unit owners. Townhome owners own the complete unit, including exterior surfaces and the land on which the unit is built.
 
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