Planned Unit Development
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.
Does this mean that, since “Per Tennessee code, A PUD where there is a shared wall must be a condominium.” that condominium laws pertaining to things such as the Amount of Rentals allowed in the HOA, are the same laws for residential PUD developments where we have shared walls????
That would be a question for legal interpretation. I only know what pertains to creating these things. Luckily for many, planning commissions are not “up” on what-is-what and allow “condos” to be created as Planned Unit Developments.