What is the difference between a condo and a townhouse or townhome in North Carolina? How are they defined?Saturday, February 28th, 2009
Here are the definitions published by the North Carolina Real
Estate Commission in its 2008-2009 edition of the North Carolina
Real Estate Manual.
Townhouse – A unit in non-vertically attached, multi-unit
complex where the owner of the unit owns in severalty both the
unit (including the entire physical structure) and the land on
which the unit rests. The common areas are owned by the unit
owners’ association. A secondary meaning refers to a style of
construction, that being a multi-level unit in a multi-unit
residential complex, as distinguished from a single-level
style of unit in such complexes.
Condominium – A legal arrangement under which a person owns
one unit of multi-unit development, such as an apartment
building, plus an undivided interest in common areas used by all
unit owners, such as hallways and grounds.