or PUD is a development with specific building locations laid out. Typically, a PUD must meet the same unit density that a subdivision in the same zone would have to. However, in many PUDs, the unit location is compressed more than a typical subdivision may be allowed by decreasing the building setbacks, side yards, etc.
A condominium and a PUD are created under the same code. A PUD is simply a property dedicated as a PUD. Each unit within the PUD may or may not own any real property. They can be simply the footprint of the structure or they can be 15-acre mini-farms that the developer wanted control over the placement of buildings. There is no requirement that a PUD convey land. There is also no stipulation that a condominium cannot convey land. Per Tennessee code, A PUD where there is a shared wall must be a condominium. How a lender deals with these two entities is entirely different than the code that creates them.