What is POTL Fee
What is a POTL Fee? When purchasing a townhouse in Canada, you may encounter the term POTL (Parcel of Tied Land), typically associated with a POTL Fee. Understanding this term is essential to decide if such a property suits your needs. What is a Parcel of Tied Land (POTL)? A Parcel of Tied Land (POTL) refers to a freehold property linked to shared common elements maintained by a Common Elements Condominium Corporation (CEC). While the…