Definition of "Townhouse"

An attached dwelling in a multiple housing complex having at least two floors and usually a garage. Such dwellings are typically found in condominiums and cooperatives.

Comments for Townhouse

Reuben Reuben said:

If a triplex has a pair of side-by-side 2-story units with the 3rd unit sitting on the 3rd floor across the first 2 units, can the complex be made into townhouses?

Jun 11, 2019  12:39:56

 
Real Estate Agent

Hello, Reuben! Townhomes usually have their own entrance at street level, so you may turn your three unit property into two townhomes, although you should seek advice from your city first, and then, get a permit.

Jun 21, 2019  06:37:58
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

A lease requiring tenants to pay all utilities, insurance, taxes, and maintenance costs. ...

Condensed appraisal report covering the major items. ...

Time period for which one expects to keep property such as a real estate investment. ...

Individual who enjoy a freehold land right. ...

Provision in an agreement in which its renewal is a matter of course at the end of its initial term. ...

Significant elevation of land. Narrow upward strip. Connection of edges between different sloping surfaces. ...

Holding pool of mortgages. It is marketed as a tax exempt mortgage backed security for investors. ...

Impeding and restricting people in various activities based on their race, ethnic reasons, or religion now goes against US laws in effect. In the past, especially in the 1960s, ...

Basis for the valuation of property acquired from a decedent for tax purposes. The unified transfer tax in 1976 provides for the valuation of property to be the adjusted basis immediately ...

Popular Real Estate Questions