Planned Unit Development Pud


Definition of "Planned Unit Development (PUD)"

Individually owned lots and houses with community ownership of common areas.

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Popular Real Estate Terms

Index

In real estate, the basis to set an adjustable rate mortgage, such as a 6-month certificate of deposit (CD) rate, cost of funds index, or prime rat ...

Income

Money earned or accrued during an accounting period that results in the increase in total assets. Items such as rental income. Revenues arisin ...

Zoning Hearings

Request of a local government's planning body to alter the zoning requirements based on a justifiable reason. ...

Sublessor

The initial lessee of rented property who then leases it to a subtenant. ...

Functional Modern Or Contemporary House

Home designs developed after World War II incorporating modern technology, materials, and architecture including energy conservation methods to achiev ...

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Nonload bearing layer of brick covering a wall of decorative purposes only. The wall is usually constructed of wood framing or masonry block. ...

Popular Real Estate FAQ

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount o ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is sometimes referred to as the buyer\'s agent, because ...

What Is Title Insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from disputes over the title of a property. ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to the existing equity in the home. ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that pa ...

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