Which term describes special planned communities with mandatory homeowners association membership and both residential and potential commercial uses?

Study for the New Jersey Title Insurance Producer Exam. Study with flashcards and multiple-choice questions, each question has hints and explanations. Get ready for your exam!

The term that best describes special planned communities with mandatory homeowners association membership and both residential and potential commercial uses is "Planned Unit Developments" (PUDs).

PUDs are designed to create a cohesive community where residential and commercial properties coexist. The homeowners association is a key feature, as it enforces regulations and maintains common areas, contributing to the overall aesthetic and functionality of the community. This structure allows for a mix of land uses, providing flexibility in planning layouts that can accommodate various needs, from housing to retail spaces, all within a single development. PUDs also often involve unique zoning regulations that permit higher densities or varied uses that would not typically be allowed in standard zoning classifications.

In contrast, other housing terms lack the combination of mandatory association membership and mixed-use potential found in PUDs. Condominiums primarily focus on individual ownership of residential units without the commercial component. Cooperative housing involves shared ownership in a corporation rather than individual property ownership, and garden apartments refer to a specific architectural style of multifamily housing that typically does not include the HOA or mixed-use development features present in PUDs.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy