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The principle distinction between condominiums and deliberate unit traits is PUD. a.PUD owners very own the land where the unit is, not just the airspace around it.
The difference between a condominium and a PUD townhome is who owns the land on which the structure sits. In a rental scenario, the association owns the land. In a PUD, the homeowner owns the land and is loose to use the land extra or much less when and how they want.
PUD proprietors customize the land in which the unit is, now not simply the airspace round it. PUDs can not be owned jointly, at the identical time as condominiums may be. The shape of possession. while an condo owner, in fact, owns the unit, it really is treated as actual belongings, a co-op member does not immediately customize any real belongings. The employer owns or rentals all real property.
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a.PUD owners own the land where the unit is, not just the airspace around it.
b. PUD cannot be owned jointly, while condominiums can be.
c. PUD owners are not individually taxed as condominium owners are.
d. PUD can be individually sold by owners, while condominiums cannot.