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.
Popular Real Estate Terms
Legal action by an owner of property to oust or exclude an individual or business form using the property. ...
In taxation, the excess of total long-term gains minus total long-term losses on the sale of real estate. Long-term classification is for real estate held one year or more. This is reported ...
Value is exchanged by the parties to an agreement involving current or future performance making it legally enforceable. Without reasonable consideration for performance, the contract may ...
The initial lessee of rented property who then leases it to a subtenant. ...
Contractual provision allowing an individual or business to renege on a commitment in certain cases without being penalized. ...
Relationship between individuals or entities out of which exists a mutual interest. An example is a privity of contract among the contracting parties concerning the actions each are to take. ...
What does contribute mean in everyday scenarios? The official “contribute definition” goes as follows: providing a thing of great value, regularly money, to help accomplish a ...
Individual or entity who pays for the professional services of another person or business. ...
Area or county used in the census or other data gathering functions that has a population of 50,000 inhabitants or more. ...
Comments for Townhouse
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 12:39:56Hello, 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 06:37:58Have a question or comment?
We're here to help.