Kentucky Council on Postsecondary Education

Building Ownership Codes

Code Description
1 Owned in fee simple
2 Title vested in the institution and being paid for on an amortization schedule (regardless of whether the building is shared with another institution or organization).
3 Title vested in a holding company or building corporation to which payments are being made by the institution; title will ultimately pass to the institution (Includes lease-purchase arrangements).
4 Not owned by the institution, but leased or rented to the institution at a typical local rate.
5 Not owned by the institution, but made available to the institution either at no cost or at a nominal rate.
6 Not owned by the institution, but shared with an educational organization that is not a postsecondary institution.
7 Not owned by the institution, but shared with another postsecondary educational institution.
8 Other - Owner may or may not be affiliated and non-affiliated, but building is used exclusively for institutional services (e.g., housing, bookstore, food service, warehouse). Facilitty is located on institutional property.
9 Title vested in an affiliated corporation, but made available to the institution either at no cost, a typical local rate, or at a nominal rate.

Last Updated: 4/5/2024