This topic provides systematic instructions about Property details.

1. On Property screen, under Collateral Category field, select the category as Commerical Property, Industrial Property, Rural Property or Userdefined Property or Residential Property and click the Property Details tab.
   The Property details screen is displayed.

   Figure 3-156 Property Details

   
   

   
   Description of "Figure 3-156 Property Details"

   
   

   For more information on fields, refer to the filed description table below.

   Table 3-120 Property Details - Field Description

   Field	Description
   Property ID	Specify a unique ID (alphanumeric) for mapping the property with collateral ID and insurance.
   Registration Number	Registration number is unique across multiple property records in the collateral. Registration number will be populated against reference number field in applicable sub systems and facilitates linking sub system record to a child collateral.
   Property Type	Select the type of property from the option list.
   Property Category	Select the property ownership category from the drop down list. The options available are: Individual Corporate
   Property Purpose	Select the purpose of property from the drop down list. The options available are: Commercial Personal
   Land Registry	Specify the land registry number.
   Construction Date	Specify the construction date of the property. The construction date cannot be future dated.
   Purchase Date	Specify the date of property purchase. The purchase date cannot be future dated.
   No. of Rooms	Specify the number of rooms available in the property.
   No. of Garages	Specify the number of garages available in the property.
   No. of Levels	Specify the number of storeys available in the property (building/dwelling).
   Roof Type	Select the Roof Type, if the property has dwelling. The options available are: Solar tiles Asphalt shingles Metal roof Stone-coated steel Slate Rubber slate Clay Concrete tiles Green roofs Built-up roof Bamboo Mud Solid Wood Bricks Thatched Others
   Wall Material	Select the Wall Material of property identified during valuation. The options available are: Brick Veneer Concrete Double Brick Asbestos Mud Brick Steel Stone Timber Clay Bamboo Polystyrene Others
   Property Units	Select the unit in which the property is measured. The options available are: Square Meter Square Yard Hectare Acre
   Property Size	Specify the size of property in selected property unit.
   Length	Specify the size of property in selected property unit.
   Width	Specify the width of the property.
   Area of Land	Specify the actual size (Length*Width) of the land in property units.
   Zone Classification	Select the zone of the property from the adjoining option list.
   Income Producing	Enable this check box, if the property is producing income.
   Environment Assessment Required	Enable this check box, if the property has an environmental risk and requires an environmental assessment.
   Restricted Property	Enable this check box, if the property is restricted for certain reasons.
   Under Construction	Enable this check box, if the property is under construction. For more information on under construction details, refer Table 3-119.
   Nature of Property	Select the nature of property from the drop-down list. The available options are; Freehold Leasehold
   Property Description	Specify the description about the property here.
   Registered Owner	Specify the name of registered property owner.
   Adverse Comments	Specify the comments for the property.

2. If Under Construction toggle is enabled, the system displays Construction Details and Construction Stage Details sections in the Property Details screen as shown below.

   Figure 3-157 Construction Details

   
   

   
   Description of "Figure 3-157 Construction Details"

   
   

   For more information on fields, refer to the field description table.

   Table 3-121 Construction Details - Field Description

   Field	Description
   Construction By	Select the construction by from the drop-down list. The available options are: Owner Builder
   Construction Start Date	Specify the date on which the construction was started.
   Land Value	Specify the Land Value of the property.
   Owner Name	Specify the property owner name.
   Construction Stage Details	Specify the details under this section.
   Construction Stage	Select the construction stage from the drop-down list. The available options are: Base Deposit Enclosed Stage Fixing Stage Frame Stage Practical Completion
   Percent Completion	Specify the percentage of project completion.
   Expected Date of Completion	Specify the expected date of project completion.
   Construction Cost	Specify the construction cost for this stage.
   Market Value	Specify the market or assessed value of the collateral.
   Bank Haircut Value	Bank haircut value for the under-construction property is displayed here.
   Bank Value	Specify the property value after applying Bank Haircut Value.
   Valuation Date	Specify the expected date of valuation.
   Project Name	Specify the name of the construction project.
   Expected Progress	Specify the expected construction progress. Expected Progress can be alphanumeric with maximum length of 2000 characters.
   Remarks	Specify the remarks, if any.

   1. Under Construction Details section, select the Construction By as Builder.
      The Builder Details section displays.

      Figure 3-158 Builder Details

      
      

      
      Description of "Figure 3-158 Builder Details"

      
      

      Table 3-122 Builder Details - Field Description

      Field	Description
      Party Type	Select the builder type from the drop-down list. The available options are: Individual Organization
      Business Number	Specify the Business Number of the party.
      License No	Specify the license number of the party.
      Incorporation Date	Specify the party incorporation date.
      Mobile	Specify the mobile number of the party.
      Landline	Specify the Landline number of the party.
      Email	Specify the Email address of the party.
      Party Name	Specify the Party Name.
      Builder Address Details	Specify the details under this section.
      ZIP Code	Specify the ZIP Code of the city.
      Address/Address Line1/Address Line2	Specify the building name / door number / street name in this field.

   Table 3-123 Property Address - Field Description

   Field	Description
   Building Name	Specify the building name of the property.
   Unit and Number	Specify the unit and number details of the building.
   Level	Specify the level for building level details.
   Street Name	Specify the street name in which the property is located.
   Locality	Specify the locality in which the property is located.
   Landmark	Specify the landmark for the property.
   City	Specify the city in which the property is located.
   State	Specify the state in which the property is located.
   Postal Code	Specify the postal code of mentioned city.
   Country	Specify the country in which the property is located.

   Note:

   • Below validations will be carried out during creation/modification of property collateral record based on the parameters selected in the collateral category level.
     • If both Collateral Address Applicable and Collateral Address Mandatory are selected as Yes in Collateral Category Screen, then system will validate for below:
       • Unit and Number or Building Name either one option must be entered
       • City must be entered
       • State must be entered
       • Postal Code must be entered
       • Country must be entered
     • If Collateral Address Applicable is selected as Yes and Collateral Address Mandatory is selected as No in Collateral Category Screen, then:
       • validations will not be done by the system.
       • system will allow to specify the address details and save the record.
     • If both Collateral Address Applicable and Collateral Address Mandatory are selected as No in Collateral Category Screen, then:
       • validations will not be done by the system.
       • system will allow to specify the address details and save the record.

   For more information on Collateral Address Applicable and Collateral Address Mandatory in Collateral Category screen, refer Collateral Category Maintenance.

   Table 3-124 Currency Details - Field Description

   Fields	Description
   Currency	If the collateral being is enabled for manual revaluation, then click the icon and select can select the currency from the option list. However, in case collateral being is enabled for external revaluation, currency gets populated based on the security code selected.
   Amount In Collateral Currency	Wherever property value currency is different from collateral currency, property value in the collateral is converted to collateral currency as per rate configured and collateral value is updated.

   Table 3-125 Property Valuation Details - Field Description

   Field	Description
   Basis Property Value	Select the basis of property value from the drop-down list. The options available are: Market Value Property Index Value Government Value
   Market Value	Specify the market value of the property. When basis of property value is market value, entering market value is mandatory.
   Govt. Value	Specify the government value of the property. When basis of property value is govt. value, entering govt. value is mandatory.
   Property Index Value	Specify the index value of the property. When basis of property value is property index value, entering property index value is mandatory.
   Valuation Date	Specify the last valuation date from the customer submitted valuation report. The valuation date cannot be future dated.
   Valuation Source	Specify the source of valuation from the customer submitted valuation report.
   Valuation Amount	Specify the valuation amount from the customer submitted valuation report.
   Other Lenders Charge Amount	Specify combined charge amount of other lenders in case the property is already mortgaged to other lenders.

   Table 3-126 Property Contact Details - Field Description

   Field	Description
   Contact Person	Select the Contact Person from the drop down list. The options available are : Builder Owner Real Estate Vendor Tenant Other
   First Name	Specify the First Name of contact person.
   Last Name	Specify the Last Name of the contact person.
   Mobile	Specify the mobile number of the contact person.
   Home Phone	Specify the home phone number of the contact person.
   Work Phone	Specify the work phone number of the contact person.
   Email	Specify the Email address of the contact person.

   Table 3-127 External pricing details - Field Description

   Field	Description
   Security code	When the collateral is enabled for external revaluation, click the icon and select can select the security code from the adjoining list.
   Security description	Displays the description of the security code selected.
   Price code	click the icon and select applicable price codes configured for this security code.
   Unit value	Unit value is defaulted for the price code selected.
   Number of units	Specify the number of units of security being considered for collateral creation.
   Current value	Based on unit value and number of units, current value is calculated and displayed.

3. On clicking next or on save/close system validates to identify whether the collateral to be created is duplicate or not. The system validates the existing collateral records using the parameters configured in Collateral Dedupe Maintenance screen and displays the details
   The Dedupe Check screen displays.

   Note:

   Check Dedupe Screen to verify records and take necessary action.

   Figure 3-159 Dedupe Check

   
   

   
   Description of "Figure 3-159 Dedupe Check"

   
   

   When Dedupe validation happens and if duplicate records are found based on Dedupe parameters, system throws a warning message along with Reject and Confirm options.

   Click Reject to reject the Dedupe warning message and in that case, user needs to revisit the screen and Collateral records to be updated.

   Click Confirm to ignore the dedupe check result and continue with collateral creation.

   Also the user can view the details of Collateral record in the display mode for each of the Collateral which displayed either based on Probable or Exact Match.

   If Leasehold is selected as Nature of Property, Lease Details section appears in the Property Details screen as shown below.

   Figure 3-160 Property

   
   

   
   Description of "Figure 3-160 Property"

   
   

   Lease details

   Table 3-128 Lease Details fields description

   Field	Description
   Lease Number	Specify the Lease Number. It can be alphanumeric with maximum length of 10 characters and can contain special characters.
   Lease Date	Specify the lease start date.
   Lease Term in Months	Specify the Lease Term in Months.
   Lease Term in Days	Specify the Lease Term in Days.
   Maturity Date	Specify the end date of the lease.
   Landlord Name	Specify the name of the landlord who leased out the property. Landlord Name can contain maximum 50 alphanumeric characters and special characters excluding # $ %.
   Landlord Address	Specify the address of the landlord. Landlord Address can contain maximum 300 alphanumeric characters and special characters excluding # $ %.
   Rent Paid Date	Specify the date on which the crown rent was paid.

4. Click Add to add and Cancel to cancel the record