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Townhouses and apartments which are owned in the condominium form of ownership are often referred to as "condominiums" or "condos". Court: high-density slum housing built in the UK, 1800–1870. Two or more stories, terraced, back-to-back, around a short alley at right angles to the main street. Once common in cities like Liverpool [8] and Leeds.
Another distinction is that in most areas of the US outside of the very largest cities, apartment refers to rental housing, and townhouse typically refers to an individually owned dwelling, with no other unit beneath or above although the term townhouse-style (rental) apartment is also heard for bi-level apartments. Townhouses can also be ...
As condominium unit owners may wish to rent their home to tenants, similar to renting out single-owner real estate, but leasing rights may be subject to conditions or restrictions set forth in the declaration (such as a rental cap for the total number of units in a community that can be leased at one time) or otherwise as permitted by local law.
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Townhouse, terraced house, or rowhouse: common terms for single-family attached housing, whose precise meaning varies by location, often connecting a series of living units arranged side-by-side sharing common walls (not to be confused with the English term for an aristocratic mansion, townhouse (Great Britain))
It is understood in a lease or contract that they will share space with these different vendors. With apartments, there are two different types of common areas a developer can have. One would be under contract and the other would be under lease. Apartments that rent by the unit (i.e. conventional housing) are signed for by one individual.