Towns

Towns are protected land that can be claimed for a fee of 50g. Plots are based on chunks (16x16) and can be used for various purposes. They also cost 50g each.

A 10g upkeep is required everyday and is collected at 12:00 GMT. If your town does not have enough money, it will collapse and no longer be protected.

Official Towny Guide (As a player, ignore most config options, look for commands)