What is POTL. The term is associated with certain types of properties, in this short blog we will explain what it means as well as how it affects some properties. POTL is short for A Parcel of Tied Land. The most common forms of ownership of properties are freehold (detached or semi-detached homes, freehold townhomes) and Standard Condominium Corporation (your typical condo apartment, condo townhomes). POTL in the context of GTA residential real estate ownership refers to a... [read more]

Before we get in to the topic let’s refresh the definition of POTL. POTL, short for A Parcel of Tied Land, from the residential perspective refers to freehold properties attached to a parcel of land. The house itself, most often a townhouse, but can be semi or detached, is a freehold, there are no monthly maintenance fees for it like there are for condos or condo townhomes, but there is a monthly maintenance fee for the attached land, typically a private road, common elements such as a... [read more]