Buying a Town Home With POTL Fee And How can it affect your purchase.

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  • Post last modified:April 9, 2023

Buying a Town Home With POTL fee and how can it affect your purchase In the hot market it becomes very important to be knowledgeable what you intend to buy. Since real estate market has been very hot in year 2021 and at the beginning of 2022. In many homes sales, this question comes about the freehold town homes when the buyer want to buy but he doesn't know the implications of POTL fee. "Before…

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What is POTL Fee

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  • Post last modified:September 10, 2024

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.,…

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