What is a planned unit development (PUD) most similar to in terms of property management?

A planned unit development (PUD) is most similar to a condominium in terms of property management because both types of properties involve shared amenities and common areas. In a PUD, property owners not only own their individual units or lots, but also have a shared interest in the community’s common facilities, which may include parks, recreational areas, and other amenities.

Like condominiums, PUDs typically feature a homeowners’ association (HOA) responsible for the management and maintenance of these common areas and amenities. The HOA collects dues from homeowners to fund the operational budget, which can include landscaping, maintenance, security, and community activities. This structure of shared responsibilities and communal living aligns closely with how condominiums operate, where residents engage with a collective governing body for the management of shared interests.

In contrast, single-family homes generally do not involve shared amenities and are usually managed individually by the homeowners without the structure of an HOA, whereas cooperatives are a different form of ownership where residents own shares in a corporation that owns the property. Commercial properties tend to have distinct management requirements that focus on leasing and commercial operations, setting them apart from the residential nature of PUDs and condominiums.