TC
Elite Member
- Joined
- Jan 31, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Pennsylvania
There are several similarities and differences between a PUD and an HOA. A PUD is a community in which individual unit owners have ownership of their home, their lot, and the common area. The difference between an HOA-run condo townhome and a PUD townhome is who owns the land on which the structure sits.
In a condo situation, the association owns the land. In a PUD, the homeowner owns the land and is free to use the land more or less when and how they wish. Although, as within an HOA community, the PUD may come with certain rules that the homeowner must abide by in order to maintain a certain standard within the community.
A PUD is operated by an HOA and, as such, it is governed the same as any other HOA community. All residents are required to pay fees and abide by community rules.
In a condo situation, the association owns the land. In a PUD, the homeowner owns the land and is free to use the land more or less when and how they wish. Although, as within an HOA community, the PUD may come with certain rules that the homeowner must abide by in order to maintain a certain standard within the community.
A PUD is operated by an HOA and, as such, it is governed the same as any other HOA community. All residents are required to pay fees and abide by community rules.