EBA NPL.Lease.Type of Lease
Definition of Lease / Type of Lease
Lease.Type of Lease: Type of the lease agreement with the Counterparty
- EBA Field Index 13.009
- Documentation Entry 349
Description
"Type of Lease" is the type of the lease agreement with the Counterparty, e.g. Triple Net (Tenant pays the base rental amount plus operating costs, including real estate taxes, insurance, maintenance, and repairs) and Net-Net Lease (Tenant pays the base rental amount, real estate taxes, and insurance premiums).
Field Characteristics
The field type is a Choice field. The following choices are available:
- (a) Triple Net, where the Counterparty pays the base rental amount plus operating costs including real estate taxes, insurance, maintenance and repairs
- (b) Net-Net Lease, where the Counterparty pays the base rental amount, real estate taxes, and insurance premiums
The field's importance for the Loan Tape is Important.
The field belongs to the EBA NPL Lease Table.
The field applies to 4 of the 7 EBA NPL Asset Classes. It does not apply to Residential Real Estate Loans, SME/Corporate Loans, Unsecured Loans,
The field is applicable to all borrower types.
The field is Not Confidential
Disclaimer
- This text is generated automatically. Do not edit manually!
- This information is provided as is. Refer to the EBA NPL Template for pointers to definitive instructions
