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Q.What is the difference between a condominium and a planned development ?
A.The main distinction between a condominium and a planned development (PD) lies in how the property is developed. Developments with only vertically-stacked or side-by-side units are condominiums and townhouses, whereas projects with individual detached homes are almost always planned developments.
With condominiums, the individually owned portion is called the unit, and typically consists of interior air space within a defined set of walls, floors and ceilings.
With PDs, residents retain private individual ownership of their home and lot, but share ownership of other common areas such as: roads, party walls, water systems, open space, and recreational facilities.
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