What is lease in SAP IS-EC-CEM - Construction Equipment Management?

SAP Term: lease

• Component: IS-EC-CEM

• Component Name: Construction Equipment Management

• Description: A contract between the owner of an asset and another party granting the use of the asset for a specified period in return for rental payments.

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• Key Concepts: 
  Lease is a contractual agreement between two parties, the lessor and the lessee, in which the lessor grants the lessee the right to use an asset for a specified period of time in exchange for periodic payments. In SAP IS-EC-CEM Construction Equipment Management, lease is used to manage the leasing of construction equipment. 
  
  How to use it: 
  In SAP IS-EC-CEM Construction Equipment Management, lease is used to manage the leasing of construction equipment. The user can create a lease contract with all the necessary details such as start and end date, payment terms, and other conditions. The user can also track the status of the lease contract and view all related documents. 
  
  Tips & Tricks: 
  When creating a lease contract in SAP IS-EC-CEM Construction Equipment Management, it is important to ensure that all necessary details are included such as start and end date, payment terms, and other conditions. This will help ensure that all parties involved are aware of their obligations and rights under the contract. 
  
  Related Information: 
  For more information on SAP IS-EC-CEM Construction Equipment Management and how to use lease contracts, please refer to the official SAP documentation.