POTL, private lanes and what fee-free means
A parcel of tied land, usually shortened to POTL, is a freehold lot bound to a modest common-elements corporation, one that holds the private road, the guest parking and occasionally the water service beneath the lane. The monthly charge pays for snow clearing, lane repairs and insurance on those pieces, and it is no condominium fee in the usual sense, but it is a fixed cost and your lawyer will register your share of the corporation on closing. Many rows in Churchill Meadows, Lisgar, Hurontario and Cooksville were built this way because the city never assumed the lane as a public street. A freehold row fronting a municipal street, as in East Credit, Streetsville and the older Malton rows, carries nothing of the kind. The listing may or may not spell out which arrangement applies, so request the survey and the parcel register before your conditions expire.















































