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A patio home is a type of housing. The term tends to imply a suburban setting and a unit of several houses attached to each other, typically with shared walls between units, and with exterior maintenance and landscaping provided through an association fee. Not all of these elements are present in all buildings called patio homes, as the term is used somewhat generically by the real estate industry. The building may actually be a Condo when the building's owner does not own the land, or it may be sold in Fee Simple . Targeted buyers are home owners who do not want to be bothered by lawn maintenance, sometimes because they only live in the patio home for part of the year.1 There is not usually a legal definition of a patio home, and some houses called patio homes may alternatively be marketed as Townhouse s or Twin Home s.2 Most taxing jurisdictions do not have a separate classification for Patio Homes. The term was first seen in print in the mid-1970s. In a more generic sense it may refer to a home with a prominent patio, such as some traditional Mediterranean-style homes.3 REFERENCES |
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