A planned unit development (PUD) may generally be defined as a parcel of land containing property and improvements owned and maintained by a homeowners’ association, corporation, or trust for the benefit and use of individual PUD units within a such parcel of land. There exists, through the association, corporation, or trust, an automatic non-severable membership of individual unit owners, who must pay mandatory assessments. The purpose of the common property is to enhance the enjoyment of the premises along with the value of the property securing a PUD unit mortgage. A “de minimus PUD” refers to common property that has little or no effect upon the value securing the PUD unit mortgage and little, if any, influence on the enjoyment of the premises.