planned unit development

English - English

Definition of planned unit development in English English dictionary: A one to four family owner unit situated upon a parcel of land which also includes common property for the benefit and use of the individual PUD owners The common property and elements thereon are maintained and owned by a homeowner’s association, corporation or trust The association requires automatic membership of each individual unit owner, with mandatory assessments The common property enhances the enjoyment of the premises and the value of the property securing the PUD unit mortgage; 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 Uses may be residential, commercial or industrial; 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; A thorough development plan for a large area of land A PUD usually includes residences, roads, schools, recreational facilities, commercial, office and industrial areas Also, a subdivision’s common areas are reserved for the use of some or all of the owners of the separately owned lots; a project consisting of individually owned parcels of land together with common areas and facilities that are owned by an association of which the owners of all the parcels are members; 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; A housing development where there is a homeowners association and common areas owned by the homeowners; A zoning classification that allows flexibility in the design of a subdivision PUDs include individually owned units as well as some common space that is jointly owned; 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; 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; A housing project that includes common property that is owned and maintained by a homeowners' association for the benefit and use of the individual unit owners; A real estate project in which each unit owner has title to a residential lot and building and a non-exclusive easement on the common areas of the project; 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; A zoning category that allows innovation in development by the suspension of standard zoning to be replaced by negotiated agreements; A Planned Unit Development is a form of development characterized by a unified site design for a number of housing units and nonresidential uses PUDs usually include provisions for the clustering of buildings, promotion of common open space, mixture of building types and land uses The PUD review process is more flexible than conventional zoning review, allowing for the calculation of densities over the entire development, rather than on an individual lot-by-lot basis; A tract of land that is controlled by one entity and is planned and developed as a whole, either all at once or in programmed stages PUDs are developed according to detailed site plans and may incorporate both residential and commercial land uses They generally include improvements such as roads and utilities; 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; 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; Residential projects that may contain clusters of homes, in which residents own the house and land and share use and financial responsibility for common areas; a development in which an individual owner owns a lot and the association owns common area Also called homeowners association or planned community; 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; A subdivision having lots or areas owned in common and reserved for the use of some or all of the owners of the separately owned lots The association of unit owners generally owns, pays fees, and maintains the common areas; A zoning classification that allows flexibility in the design of a subdivision PUD's include individually owned units as well as some common space that is jointly owned; 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; A type of ownership where individuals actually own the building or unit they live in, but common areas are owned jointly with the other members of the development or association Contrast with condominium, where an individual actually owns the airspace of his unit, but the buildings and common areas are owned jointly with the others in the development or association; pud