What distinguishes townhouse ownership from condominium ownership?

Townhouse ownership is distinguished from condominium ownership primarily by the type of ownership structure involved. In townhouse ownership, individuals own their unit from the ground up, which typically includes both the interior of their unit and the land beneath it. This form of ownership often extends to any surrounding yard or garden area, granting the homeowner specific rights over their property, including the ability to make modifications to it within set guidelines.

In contrast, condominium ownership generally means that individuals own only the interior of their unit while sharing ownership of the common areas (like hallways, pools, and landscaping) with other residents. This shared ownership can limit what owners can do with their own space in terms of modifications or renovations, as they must comply with the condominium association's rules and regulations.

Other concepts like shared common areas, joint financial responsibility, and compliance with property laws apply to both townhouses and condominiums but do not serve as defining features that set them apart. Thus, the specific ownership structure is central to understanding the distinctions between the two types of property ownership.