Question Details

Soohyun Son, Both Buyer and Seller in 91350

do you own the land on townhouse?I thought it is same as condo-only the common area...

Asked by Soohyun Son, 91350 Wed Aug 20, 2008

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Land ownership is not typical but is usually determined by the rules, restrictions and bylaws when the community is created. Some fee simple townhome do include land ownership (deeded to you), but prohibits you from doing much with it other than personal use. You have to read the all the docs, rules, restrictions and bylaws created when the community was created and all addendums. Most areas give condo buyer time to review all the community rules. I have an addendum the buyer signs stating the rules and bylaws were received and are understood.
2 votes Thank Flag Link Wed Aug 20, 2008
No you do not own land on a townhouse or condominium, usually a townhouse is a type of condominium. In a condominium form or ownership, say 100 units you would own 1/100 of the common area, townhouse is a term for style usually meaning up and down with its own entrance as opposed to garden style or a flat which is typically 1 floor and has a common entrance like a hotel with long hallways and doors to your unit. Hope this helps, please email if you have any other questions.

Scott Godzyk
Godzyk Realty Group

Manchester NH
Web Reference:
1 vote Thank Flag Link Wed Aug 20, 2008
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