A glossary of real estate and mortgage terms for home buyers and sellers
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| Term | Definition |
|---|---|
| Planned Unit Development (PUD) |
A Land Development project involving a mixture of land uses and densities not available for separately zoned units. Similar to condominiums, it is viewed as an integrated whole. Unlike condominiums, however, t he individual unit owners do own a portion of the land under and around their individual unit. |
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