A zoning classification that applies to subdivisions. PUDs include individually owned units as well as some common space that is jointly owned, similar to a condominium. Many times a PUD includes a monthly HOA fee.
A planed unit development can consist of townhomes or single-family dwellings. The residences are grouped into clusters with a substantial amount of remaining land, generally hilltops and wash, left as open space.
Planned Urban Development. Is a subdivision that features individually owned residential and/or commercial parcels or lots along with shared ownership of common areas. Property owners pay (HOA: Home Owners Association) fees and assessments to the Home Owners Association for upkeep of common areas.
A PUD is a unit within a project, usually a group of houses. The owner of each PUD owns the unit personally and pays taxes and utilities separately. Each owner must pay fees to the owner’s association for the maintenance of all common areas.
A real estate project in which each owner has title to a residential lot and building and a nonexclusive right to use the common areas of the project. The owner may also have a right to exclusive use of certain parts of the common areas.
Planned Unit Development. A housing development where there is a homeowners association and common areas owned by the homeowners.
Planned Unit Development. A zoning designation for property planned and developed at the same or slightly greater overall density than conventional development. Improvements can be clustered between open, common areas. Uses may be industrial, commercial, or residential.
Planned unit development. A development plan for a tract of land that provides for residential and commercial uses and for supporting services such as schools and recreational facilities.
Planned Unit Development. Zoning classification that allows flexibility in the design of a subdivision. PUDs include individually-owned units and common space that is jointly owned.
Planned Unit Development. A land area where a variety of housing types and/or related commercial and industrial facilities exist in a pre-planned environment. Standards, such as lot sizes and setbacks, are less restrictive than normal. Approval for such a development requires specific standards in addition to those of a standard Subdivision, such as design principals and landscaping plans.
Planned Unit Development. A real estate project in which each unit owner has title to a residential lot and building and a nonexclusive easement on the common areas of the project. The owner may have an exclusive easement over some parts of the common areas (for example, a parking space). We do not purchase or securitize mortgages secured by PUD projects; we do purchase or securitize mortgages on individual units in the project.
Public Utility District (in Washington) or People's Utility District (in Oregon); a governmental corporation established by voters to supply electric or other utility service.
PLANNED UNIT DEVELOPMENT. A land-use design that provides intensive utilization of the land through a combination of private and common areas with prearranged sharing of responsibilities for the common areas.
PLANNED UNIT DEVELOPMENT. A single-family residence located in a community with association dues and other required monthly payments.
Planned Unit Developments. A housing development, where there is a homeowner's association and common areas owned by the homeowners.
A planned combination of diverse land uses, such as housing, recreation, and shopping in one contained development or subdivision. A major feature of a PUD includes areas of common land for use by the housing unit owners; the association of unit owners generally owns, pays fees, and maintains the common areas. Also see DiMinimus PUD.
Planned Unit Development. A real estate project in which individuals hold title to a residential lot and home while the common facilities are owned and maintained by a homeowners' association for the benefit and use of the individual PUD unit owners.
Planned Unit Development. A housing project that includes common property that is owned and maintained by the homeowners' association for use by the owners.
Planned Unit Development. A zoning designation for San Jose home developed at the same or slightly greater overall density than conventional developments, sometimes with improvements clustered between open, common areas.
Planned Unit Development. Property that is owned by a group where the individual owns a specific piece of land but has a divided interest in a common area. The development is governed by a Homeowners Association typically.
Planned Unit Development. (not recognized in Britain) A subdivision that has a mandatory Homeowners' Association (HOA).
Planned Unit Development. development characterized by comprehensive planning for the project as a whole, clustering of structures to preserve usable open space and other natural features, a mixture of housing types and sometimes a variety of nonresidential uses as well.
Planned unit development. A highly designed residential project that features relatively dense clusters of houses, which are usually surrounded by areas of commonly owned open space maintained by a nonprofit community association.
(Planned Unit Development) A planned combination of diverse land uses, such as housing, recreation, and shopping in one contained development. PUD's generally include common areas and an association of unit owners who pay association fees to maintain those common areas.
Planned Unit Developments. A subdivision of five or more individually owned lots with one or more other parcels owned in common or with reciprocal rights in one or more other parcels.
Planned Unit Development. Residential housing projects with numerous clusters of homes which are independently owned, but jointly share the common areas such as pools and parks. Such developments have a homeowners association to collect dues and manage expenses.
Public utility district. A government unit established by voters of a district to supply electric or other utility service.
A real estate project in which each unit has title to a residential lot and a nonexclusive easement on the common areas of the project. No Terms Listed Realtor A real estate broker or sales associate holding active membership in a local board affiliated with the National Association of Realtors.
PLANNED UNIT DEVELOPMENT. A housing development where a homeowner's association administers common property owned and shared by all dwelling owners in the project. Dwellings are often clustered to allow for more common space and special zoning is required for this kind of development.
planned unit development. A relatively modern concept in housing designed to produce a high density of dwellings and maximum use of open spaces. This efficient use of land allows greater flexibility for residential land and development. It also usually results in lower-priced homes and minium maintenance cost. Often, PUDs are specifically provided for in zoning ordinances or are listed as a contitional permitted use, sometimes called planned development housing.
Planned Unit Development. A type of development that provides more planning flexibility than traditional zoning. Buildings are often clustered on smaller lots, permitting the presence of natural features in common areas or park areas. Individual properties are owned in fee with the common areas owned jointly or deeded to the local government.
PLANNED UNIT DEVELOPMENT. A project or subdivision that consists of common property that is owned and maintained by an owner's association for the benefit and use of the individual unit owners.
Planned Unit Development. Plat
Planned Unit Development. 1. It is the comprehensive development plan for a large area. Usually indicating where roads, schools, recreational, office, commercial or industrial and residential areas will be. 2. It also refers to a subdivision that has common areas reserved for the use of and commonly owned by the separate lot owners. Qualifying Income Ratio- Used by lenders in deciding whether to offer you a loan. One type compares only the amount of your proposed monthly mortgage payment to your monthly income (see PITI Ratio) Another compares the amount of your total monthly payments (e.g. you car, credit card and proposed mortgage payments) to your monthly income. Quitclaim Deed - A legal document which transfers to the buyer or owner, whatever interests in the property are held by the maker of the deed. It does not guarantee that those interest are valid. By accepting such a deed, you accept the risk that someone may later appear with a valid claim to your property.
Planned Unit Development. A land-use design that combines private fee ownership of a parcel and undivided ownership of common facilities such as grounds, parking, and recreational facilities.
Planned Unit Development. A master planned development that includes many different land uses, such as housing, shopping, and recreation.
Planned Unit Development. A housing project that may consist of any combination of homes (one-family to four-family), condominiums, and various other styles. In a PUD, often the individual unit and the land upon which it sits are owned by the unit/homeowner; however, the homeowner's association owns common facilities.
PLANNED UNIT DEVELOPMENT. A coordinated, real estate development where common areas are shared and maintained by an owner's association or other entity.
Planned Unit Development. A subdivision having lots or areas in common and reserved for the use of some or all of the owners of the separately owned lots.
PLANNED UNIT DEVELOPMENT. A zoning designation for property developed at the same or slightly higher density than conventional development, often with improvements clustered between open or common areas.
Planned Unit Development. PUDs are areas that are planned and developed as one entity, by a single group. Planned unit developments usually include a variety of uses, including different housing types of varying densities, open space, and commercial uses. Project planning and density is calculated for the entire development rather than individual lots.
Planned Unit Development. This is a planned neighborhood which typically has common grounds, sidewalks, often times a park, with the covenants and restrictions recorded at the courthouse. Some of the newer PUDâ€(tm)s may have a school on the grounds. There are often different types of housing in a PUD such as single family residences, condominiums, or patio homes. There is usually a required Homeowners Association fee charged to each homeowner to provide the services that are maintained by the Association.
see Planned Unit Development
or Planned Unit Development - is a real estate project in which each unit owner has title to a residential lot and a non-exclusive easement on the common areas of the project.
Planned Unit Development. A zoning designation for a community or development where the common areas are shared by several owners and maintained by a homeowner association
Planned Unit Development. A group of five or more single-family residences that share some common area.
Planned Unit Development. A type of ownership where individuals actually own the building or unit they reside in, but shared areas are owned jointly with the other members of the development or established association.
Planned Unit Development. A project consisting of individually owned parcels of land together with a common area and facilities owned by an association of which all the owners of the parcels are members.
Planned Unit Development. A provision in a zoning ordinance providing developers methods for building mixed use projects, including exceptions to other zoning laws, in exchange for innovative design, notably allowing higher density or reduced setbacks.
Planned unit development. Five or more individually owned lots where one or more other parcels are owned in common or there are reciprocal rights in one or more other parcels. A subdivision.
Planned Unit Development. A zoning designation for property developed at the same or slightly greater overall density than conventional development, sometimes with improvements clustered between open, common areas. Use may be residential, commercial or industrial.
Planned Unit Development. A type of real estate project that gives each unit owner title to a residential lot and building and a nonexclusive easement allowing access to the project's common areas. See common area assessment. Back
Planned Unit Development. Describes a real estate development in which owners have title to a lot and building and easement onto common areas.
Planned Unit Development. Similar to a condominium where the owner owns the unit in which he/she lives; however, all members own the common areas together. May also be a subdivision where the common areas are owned by a homeowners' association for the sole use of the PUD members.
Planned Unit Development. A development of land that is under unified control and is planned and developed as a whole in a single development operation or in phases. The development may include streets, circulation ways, utilities, buildings, open spaces, and other site features and improvements. (also commonly referred to as a "Master Plan")
Refer to Planned Unit Development.
PLANNED UNIT DEVELOPMENT. A zoning classification that allows flexibility in the design of a subdivision. Planned Unit Development zones generally set an overall density limit for the entire subdivision, allowing the dwelling units to be clustered to provide for common open space.
planned unit development. A zoning category whereby each of the proposed buildings or uses are approved in advance as a part of a parcel's overall use. Usually preserves large common or open areas on a site.
A type of housing development based on high density (cluster buildings) and maximum use of open space generally resulting in lower-cost housing requiring less maintenance. The common areas of ground are owned by a nonprofit community association, not by individuals. Developers will often mix residential with light commercial zoning to maximize land use. PUD’s can also be used for resort housing and shopping center projects.
Planned Unit Development. A type of land development which may be at variance with traditional zoning and lot layout. May be residential, commercial or industrial. Buildings are clustered and/or set on smaller lots than usual. Result is a development with an overall density the same or slightly greater than is typical of conventional developments and zoning, but containing large open park-like areas with buildings concentrated in a few areas. Individual properties are owned in fee with either joint ownership or the open areas or, if local requires, with open areas deeded to the city.
Planned Unit Development. A project that is owned and maintained by a homeowner's association for the benefit of all of the individual units.
Planned Unit Development. A structure or structures with a homeowner's association and with some areas owned in common. Individuals own the building and the land the home sits on. It is not possible to know by looking at a unit whether it is a condominium or a PUD. To find out, consult the legal description of the property or the homeowner's association covenants, conditions and regulations.
Planned Unit Development. A planned combination of diverse land uses, such as housing, recreation and shopping, in one contained development or subdivision. Point- An amount equal to 1 percent of the principal amount of the investment or note. The lender assesses loan discount points at closing to increase the yield on the mortgage to a position competitive with other types of investments.
Planned Unit Development. Land use zoning which allows the adoption of a set of development standards that are specific to the particular project being proposed. PUD zones usually do not contain detailed development standards; these are established during the pro- cess of considering the proposals and adopted by ordinance if the project is approved.
Or a "Planned Unit Development" is a housing development with common elements maintained by a homeowners association.
Planned Unit Development. A project or subdivision that includes common property that is owned and maintained by a homeowners' association for the benefit and use of the individual PUD unit owners.
Planned Unit Development. A zoning classification which allows some flexibility in the design and construction of the individual units in a development. Units are individually owned but there are common areas owned by the group.
Planned unit development. In a PUD, the planned unit development association owns and maintains property in a real property development project for the benefit of its members, who are owners of individual parcels of real property in the development and are members of the association because of that ownership. The level of services and fees are similar to a condominium complex, but since each owner has title to a specific parcel of land, lenders may treat units as non-condominiums. This allows higher LTV loans and eliminates owner occupancy percentage requirements.
Public Utility District. A water district, created by a city or county, promoting development of a designated area by providing water and sewer services. The PUD operates in the same manner as a Municipal Utility• District, but is created by a local government, not a private developer.
planned unit development. A development in which homes are individually owned, but there are common areas. Condominiums or town homes are a good example.
Acronym - planned unit development. Acronym - Public Utility District
Planned Unit Development. Residential project that features dense clusters of houses surrounded by areas of open space, owned in common and maintained by a nonprofit association.
Planned Unit Development. a type of real estate development that includes common areas and rules governed by an owners' association.
A multi-unit property or subdivision that includes common property that is owned and maintained by a homeowners' association, for the use of the individual owners
Planned Unit Development. A project that may consist of any combination of one- to four-family homes, condominiums and other styles of residential housing. The individual unit and often the real estate under it are owned by the individual owner. The common facilities are owned and maintained by a homeowner's association.