Articles on: Types of loans

What's the difference between a condo and a townhouse?

Condo owners only own the interior of their unit. All other areas, including the building exterior, lawn and communal areas, are property of the Homeowners Association (HOA).

In most townhouse communities, owners own their unit’s interior and exterior, including the roof, lawn and driveway, but not the communal areas.

Updated on: 05/07/2022