What is 'lease class' in SAP CRM-LAM - CRM Leasing?

lease class - Overview

• Component: CRM-LAM

• Component Name: CRM Leasing

• Description: Indicates whether a leased object is handled as financial leasing or as operative leasing. The lease class of the leased object determines whether the lessor or the lessee has to activate the corresponding leased assets. In the case of financial leasing, the lessee has to activate the leased assets and record the lease installment payments.

lease class - Details

• 
  Key Concepts: 
  Lease classes are used in the CRM-LAM (CRM Leasing and Asset Management) component of SAP to group together similar leases. This allows for easier management of leases, as well as the ability to apply certain rules and regulations to all leases within a class. 
  
  How to use it: 
  Lease classes can be created in the CRM-LAM component of SAP. When creating a lease class, you will need to specify the type of lease, such as a car lease or a real estate lease. You will also need to specify the rules and regulations that apply to all leases within the class. 
  
  Tips & Tricks: 
  When creating a lease class, it is important to consider the different types of leases that may be included in the class. This will help ensure that all leases within the class are subject to the same rules and regulations. 
  
  Related Information: 
  For more information on lease classes in SAP, please refer to the SAP Help Portal.