May 23, 2012

What Is A Planned Unit Development?

Question: What is a planned unit development (PUD)?

Answer: A PUD is often a planned community where there are a variety of housing and real estate options (often residential, commercial, and industrial properties in larger projects); where property is owned by individuals; where common areas and assets are owned by a corporation; and, where deeds reflect PUD options and responsibilities.

An attraction of larger PUDs is that work, recreation, shopping, and housing are often located in the same community.



© 1997 Peter G. Miller. All Rights Reserved.

Written by Peter G. Miller.

© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.


Copyright © 2012 Realty Times. All Rights Reserved.