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Real Estate Glossary
Use this real estate glossary to research terms you might run across in a real estate transaction.
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TownhouseA townhouse is similar to a condominium in that it's a type of joint real estate where each housing unit is individually owned. However, it has two or more stories, rather than the typical one floor found in a condominium. Townhouses are available in many shapes and sizes, and most may have yards or common spaces that can be used by the owners.
 


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