Planned unit development
A community where you own your house and lot outright, but the neighborhood has shared amenities and rules run by an HOA. Common in newer suburban subdivisions.
Every term like this one lights up in the step you're on.
Free to set up. No credit card.Part 1 of 4
Why a seller cares
In a PUD you own your lot and house and share the amenities through an HOA. It sells like a single-family home with an HOA attached, and the HOA's documents are part of the buyer's review.
Part 2 of 4
A simple example
Your home is in a PUD with a pool, a clubhouse and $95 a month in dues. The buyer gets the documents and a review window like a condo buyer would.
| What it is like | What it is not like |
|---|---|
| A single-family home | You own the lot and the building |
| A condo | You do not share the walls or the roof |
| Both | There is an HOA, dues, and a document review |
A PUD is a house with a neighborhood contract.
Part 3 of 4
What people get wrong
That a PUD is a condo. The ownership is different, and lenders treat it as a house with an HOA.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
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