“Planned unit development” (PUD) means a residential development of single-family or multi-family dwellings in conjunction with rental, condominium, cooperative or town house properties with at least the following characteristics:

1. (a) A homeowner association that holds either title in fee or a lease of prescribed length on the common area;
2. (b) Mandatory membership of all unit owners, or units, in the association;
3. (c) The right of all unit owners to participate by vote in the operation of the association; and
4. (d) Lien supported assessment of the members to meet the association's budgeted operating costs, but special assessments may be handled differently.

Source. #14043, eff 8-8-24