Townhouse or condo and how to tell?
I am looking at replatting a couple six plex buildings which are set up like row houses. Currently on 4 parcels. With the irregular shape of the lot I think a common area or HOA owned parcel will be needed for the majority of the parking and lawn. The individual unit would have lot lines going down the shared wall and would include 1/6 of the building, a piece of land between the building and the detatched garage, and 1/6 of the detatched garage structure. Would these be townhouses for sale or condos for sale?
I have a team I trust, but having heard a few arguments both ways. Curious to know what the biggerpockets verdict would be.