What is POTL Fee
What is POTL Fee? When purchasing a townhouse in Canada, you may encounter the term POTL (Parcel of Tied Land), typically linked with a POTL Fee. Understanding this term is essential in deciding whether such a property fits your needs. What is a Parcel of Tied Land (POTL)? POTL refers to a freehold property tied to common elements maintained by a Common Elements Condominium Corporation (CEC). While the property itself is freehold, common elements (e.g.,…