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