What is/isnt a PUD?

[Fernando]

I think these are called PUDs locally. Surrounding grounds are common ownership
View attachment 84641

Please stop. It can be a condo ownership. Only way to be sure is look at the Prelim.

 

[Terrel L. Shields]

Only way to be sure is look at the Prelim.

It's not a condo. I appraised one here and these are PUDs. You own the house footprint outright and the surrounding ground is common owned. A Condo means the Condo association owns the land. And yes, normally the deed or the plat referenced in the deed will describe them as a PUD. Not everything is identical to California laws.

 

[Fernando]

It's not a condo. I appraised one here and these are PUDs. You own the house footprint outright and the surrounding ground is common owned. A Condo means the Condo association owns the land. And yes, normally the deed or the plat referenced in the deed will describe them as a PUD. Not everything is identical to California laws.

My point is you can't tell by looking at whatever you're looking. Only way to confirm is the Prelim.

 

[Terrel L. Shields]

My point is you can't tell by looking at whatever you're looking

Yes, I can because the ownership of those lots include the LAND and that LAND is valued by the assessor - where is the land on a condo? You have air rights. The Condo owns the land. In the PUD the homeowner owns the footprint of the house.

 

[Fernando]

Yes, I can because the ownership of those lots include the LAND and that LAND is valued by the assessor - where is the land on a condo? You have air rights. The Condo owns the land. In the PUD the homeowner owns the footprint of the house.

I noticed new builders build these townhomes which in the past would be PUDs but looking at Prelim, I see these new developments as condos.
Only way to be sure again is looking at Prelim.