MattBlah
Baseball Star Hitter
- Joined
- Sep 18, 2010
- Posts
- 1,273
A condo (condominium) describes a type of ownership. Generally, it means you own everything inside the walls of your property (apartment, townhouse, even sometimes a single-family home). A coop (cooperative) means you own shares in the corporation that collectively owns the entire building or group of buildings. And fee simple means you own the inside, the outside, everything.
Hey, let's talk about townhouses while we're at all this...
A townhouse is a structure. It's generally a property with other properties connected on one or two sides. Other structures can be single-family homes or multi-unit buildings. A townhouse might or might not be a condo.
So townhouse is just a fancy word for a terraced house? I'm learning so much.