What is the term for a group that owns title to common areas in a planned unit development?

The correct term for a group that owns title to common areas in a planned unit development is a Homeowners Association (HOA). In the context of planned unit developments, the HOA is typically responsible for the maintenance and management of shared spaces, amenities, and services that benefit members of the community. These can include parks, pools, clubhouses, and landscaping.

The HOA is established to manage the common areas and enforce community rules and regulations, thereby enhancing the overall quality and organization of life within the development. This governance structure allows homeowners to have a say in decisions that affect shared property while also ensuring that the community remains well-maintained and appealing to both residents and visitors.

In contrast, a Condominium Association refers specifically to properties that are structured as condominiums, which typically have different legal and ownership frameworks. A Property Management Group usually provides management services to properties but does not necessarily own the common areas. A Land Trust relates to a legal entity that holds title to property for the benefit of another party, which does not directly apply to common area ownership in planned unit developments.