Understanding UDS in Apartments: Definition, Calculation, and Importance
In the context of apartment ownership, UDS (Undivided Share of Land) refers to the proportionate share of land that a buyer owns in an apartment complex. This share is crucial when determining ownership rights, the legal status of the property, and calculating the cost of land for each apartment unit. In this article, we explore what UDS is, how it’s calculated, and why it’s essential for apartment buyers and investors. Understanding UDS ensures a clearer understanding of the property ownership and legal responsibilities tied to it.