Condo, PUD, Co-op: What's the Difference? Condos: Walls, floors, and ceilings owned by all residents; HOA dues; covenants, conditions, and restrictions; value depends on the desirability of entire development. Planned Unit Development (PUD): Individuals own structure and some land. Co-op: Corporation made up of all tenants; larger units have more power in how building is run; fees for taxes, mortgage, repair, improvement; heavy scrutiny of financial, personal history. Townhome: Not a form of…