The real estate industry has not come to finite decision as to the definition of a condo or townhouse. The general definition of condos or townhouses is that they are an architectural style – not a form of ownership.

Generally, a condo or townhouse is described today as a home (or apartment) that is attached to one or more other homes (or apartments) – with common walls and roof – with 2 or more stories and sometimes a basement. So, you may buy a townhouse (town home) in condominium-style ownership or find a condo for rent -in an apartment style community.