What is real estate object in SAP FS-CMS - Collateral Management System?

SAP Term: real estate object

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: The land and building constructions such as property or a buildings.

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• Key Concepts: 
  Real estate object is a term used in the SAP FS-CMS Collateral Management System. It is a type of asset that can be used as collateral for a loan or other financial transaction. The real estate object is typically a physical property such as a house, apartment, or commercial building. It can also include land, rights to use land, and other related assets. 
  
  How to Use it: 
  In the SAP FS-CMS Collateral Management System, real estate objects are managed through the Real Estate Object Management (REOM) module. This module allows users to create and manage real estate objects, assign them to loans, and track their status. The REOM module also provides tools for managing the collateral associated with the real estate object, such as mortgages and liens. 
  
  Tips & Tricks: 
  When creating a real estate object in the SAP FS-CMS Collateral Management System, it is important to provide accurate and up-to-date information about the property. This includes information about the location, size, and condition of the property, as well as any liens or mortgages associated with it. This information will help ensure that the real estate object is properly managed and tracked in the system. 
  
  Related Information: 
  The SAP FS-CMS Collateral Management System also includes modules for managing other types of assets such as vehicles and equipment. These modules provide similar features for creating and managing these assets, as well as tracking their status and associated collateral.