Many folks think condos and townhomes are like po-tay-toe and po-tah-toe. They’re pretty much the same. When actually, they’re more like potato and tomato.
Just because the property sits on the ground and looks like an attached house, doesn’t make it a townhouse. And a condominium doesn’t always look like an apartment. There are condos that look like townhomes and vice versa. The appearance or physical description is not a true verification of the type of property.
Townhouses and condominiums have subtle but distinct differences. The defining characteristic of a property type lies in the ownership, rather than the design. What you own, what you are responsible for maintaining, and what spaces you must share differentiates condos from townhomes.
Both types of properties are attached to another residence and are part of a larger property with shared or community spaces. They both have homeowners associations with dues assessed to owners. While there is a legal definition for each, allow me to add the stipulation that these characteristics are “typical and usual.” There are always a few communities that like to create their own unique ownership rules, restrictions, and covenants.