Property Possession - Normally, apartment-style buildings are called condominiums, two-story row houses are called town homes, as well as free-standing homes on small great deals are referred to as garden homes. However, this summary creates some complication regarding real estate ownership. House, community residence, as well as yard home explain the design or building of specific homes. The word "condominium" does not describe a the layout or style of a building. Condominium is a type of ownership of real estate. The kind of ownership of realty can not be acknowledged by observing the building style.