Condominiums and Townhouses
Townhouses are typically residential whereas condos may be commercial. Individuals or corporations buy condos or townhomes. Individual unit owners make up condo and townhouse organizations, each owning a unit and a part of common amenities. The bylaws will specify who owns what. Members are responsible for their units’ interiors, including appliances, business or personal belongings, flooring, lighting, and wall coverings. The association is responsible for maintaining any common facilities, including clubhouses, electrical wiring within walls, elevators, escalators, exterior walls, foundations, grounds, hallways not limited to the interior of individual units, HVAC systems, outside fixtures, parking areas, plumbing systems, roofs, swimming pools, and other recreational facilities. Unit owners elect or employ association leadership to handle upkeep. The organization leadership sets and enforces regulations for the membership. The organization determines, collects, and disburses maintenance, upkeep, and insurance assessments from members.