Understanding Public Improvement Districts (PIDs)
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- Date of Publication
- February 21, 2022
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Overview
Public Improvement Districts (PIDs) are becoming more prevalent across Texas. Given recent changes to real estate transaction notice requirements, a firm understanding of PIDs, their benefits, and how they impact the real estate transaction is vital to the success of real estate professionals. A PID represents a partnership agreement between a municipality or county and the private sector. PIDs provide specific property owners with additional services from the municipality or county. (2 Pages).
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