What does Planned-Unit Development mean?

Planned-Unit Development (PUD) - A planned-unit development (PUD) is a type of real estate development that combines various uses such as residential, commercial, and recreational into one development. PUDs are typically designed to be self-sustaining communities, with a mix of residential, commercial and recreational areas. They may also include amenities such as parks, swimming pools, and community centers.

Related Terms

Assumable Mortgage Assignment/Subletting Gross Income Mortgage Acceleration Clause Assessment Earnest Money Insurance E/O Cpi and Market Rent Escalation (In a Lease) Mediation Alternative Mortgage Mechanical Systems Wraparound Mortgage Net Rentable Area Property disclosure Inspection Shared-Equity Transaction Investment Related Savings Gift