PUDs - what is your definition.

[Joe Abell]

As I suspected, these are very interesting respnoses. It does seem, however, that different states may view the term "PUD" differently. I've seen some developments where there is no HOA, but there may be a pool/clubhouse - with voluntary dues to be members. The dues are used to maintain the pool, pay lifeguards, etc... but since membership is voluntary - I assume this would NOT be considered a PUD by everyone on here.
Here, a development can only be considered a PUD IF, and only IF, the individual homeowners do NOT own a portion or percentage of the common grounds. If the grounds are owned by the HOA, then it is a PUD. IF, on the other hand, the homeowners do own a percentage or interest in the common grounds - it could be classifed as a condominium type of ownership.
I've personally, never come across this - but what would you consider this: SFR detached dwellings, homeowners own their own lots, and own a percentage of the common grounds, and hoa membership is mandatory?
I really enjoy reading the respnses - you guys (and gals) are all great.
Joe

 

[Jo Ann Meyer Stratton]

The questions in the subject section of the 1004/1004C have a national definition. Is there a mandatory home owner's association fee? Yes or no. If yes it is a PUD. If it is no it NOT a PUD. (Condo ownership is a different ball game).

"I've seen some developments where there is no HOA, but there may be a pool/clubhouse - with voluntary dues to be members. The dues are used to maintain the pool, pay lifeguards, etc... but since membership is voluntary - I assume this would NOT be considered a PUD by everyone on here." You are correct, it would not be a PUD since the fee is voluntary.

"I've personally, never come across this - but what would you consider this: SFR detached dwellings, homeowners own their own lots, and own a percentage of the common grounds?" If there is a mandatory home owner's association fee it is a PUD. If the home owner's association fee is voluntary it is NOT a PUD.