Rule library
UAD1762FatalField 24.025N/A

Provide 'Income Approach Commentary' when income approach is included in the appraisal.

Where this rule lives in the report

Income Approach
{No Label}
Income Approach Commentary

Report Section and Report Subsection as the GSEs define them — the black tab and grey bar you already read on the URAR.

Severity
Fatal — this blocks your UCDP submission and must be fixed before delivery.
Triggered when
IncomeApproachIndicator = "true" and IncomeAnalysisCommentDescription is not provided
Data Point Name
IncomeAnalysisCommentDescription
Unique ID
1200.0007
Report Field ID
24.025
What this field means
A free-form text field used to describe or comment on the use of the Income Approach in valuing a property.

Seen in the sample reports

How this field is populated in the official UAD 3.6 sample scenarios.

The appraiser's analysis of comparable sales of rental properties shows a range for the …
2–4 unit
The appraiser's analysis of comparable sales of rental properties shows a range for the …
2–4 unit (Scenario 2)

More rules in “Income Approach”

UAD1242Provide the 'Gross Rent Multiplier'.
Fatal
UAD1243Provide the value of the subject property as determined by the Income Approach method of property valuation.
Fatal
UAD1244Provide the 'Comparable Weight' for the GRM comparable.
Warning
UAD1245Provide the 'Gross Rent Multiplier'.
Warning
UAD1246A numeric identifier ('Comparable #') must be assigned for each GRM comparable. For assistance with this message, contact the appraisal software vendor.
Fatal