Definition
An attached dwelling sharing one or more walls with adjacent units, usually with individual lot ownership.
Example
Unlike a condominium, the townhouse owner typically owns the land beneath the unit.
Related terms
Frequently asked questions
What does Townhouse mean in real estate?
An attached dwelling sharing one or more walls with adjacent units, usually with individual lot ownership.
How is Townhouse used in practice?
Unlike a condominium, the townhouse owner typically owns the land beneath the unit.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.