A townhome, or attached home, is a single-family home on its own lot. It is attached to one or more other townhomes, which are also on their own lot. In this case, each property owner owns the townhome and the land it is on, and each unit sells independent of its neighbors.
Condominiums, or condos, are another housing type. In this case, someone owns the “air space” within their unit. However, they do not own the exterior of the building, the lot, or any shared spaces. Instead, there is typically a Homeowner’s Association established to own and care for those spaces.
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