Common Elements Condominium Corporation (POTL)
A Common Elements Condominium project comprises freehold homes that are built on a parcel of land tied to a common elements condominium corporation. These projects are also referred to as a parcel of tied land or POTL.
The common elements of a common elements condominium (POTL) are not enrolled or covered under the Ontario New Home Warranties Plan Act. The freehold homes are covered and must be enrolled.
For builders who are proposing the sale/construction of a new common elements condominium (POTL) project, please provide the following documentation as part of your application:
- Copy of the Agreement of Purchase and Sale
- Disclosure Statement
For more information on the delayed occupancy warranty on POTLs, please refer to Builder Bulletin 48 by clicking here.If you have any questions regarding POTLs or the delayed occupancy warranty on POTLs, please contact us.
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