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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.
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