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What is a characteristic of a PUD that is different from condominium ownership?

A. A condominium owner owns a specific tract of land and air rights.
B. A PUD owner has rights to the use of land underlying the property but does not own the land.
C. A condominium association is a for-profit organization.
D. A PUD owner does not have ownership interest in the common areas.



Answer :

GinnyAnswer

Final answer:

A PUD owner does not have ownership interest in common areas, unlike condominium owners.


Explanation:

A Property Unit Development (PUD) differs from condominium ownership in that a PUD owner does not have ownership interest in the common areas. In contrast, a condominium owner owns a specific tract of land and air rights. Additionally, a condominium association is not necessarily a for-profit organization.


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