What is contract and lease management in SAP RE-C4RE - SAP Cloud for Real Estate?

SAP Term: contract and lease management

• Component: RE-C4RE

• Component Name: SAP Cloud for Real Estate

• Description: Contract and lease management lets you actively manage lease agreements to make better decisions - maintain critical dates, perform valuations based on new lease accounting standards and analyze leasing costs.

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• Key Concepts: 
  Contract and lease management is a component of the RE-C4RE SAP Cloud for Real Estate solution. It enables users to manage contracts and leases in a single, integrated system. This includes creating, managing, and tracking contracts and leases, as well as managing related documents and payments. 
  
  How to use it: 
  Contract and lease management can be used to create new contracts and leases, as well as manage existing ones. It allows users to track payments, view documents related to the contract or lease, and generate reports. It also provides an overview of all contracts and leases in the system. 
  
  Tips & Tricks: 
  When creating a new contract or lease, it is important to ensure that all relevant information is included. This includes the terms of the agreement, payment details, and any other relevant information. Additionally, it is important to keep track of any changes that are made to the contract or lease over time. 
  
  Related Information: 
  For more information on contract and lease management in RE-C4RE SAP Cloud for Real Estate, please refer to the official documentation on the SAP website. Additionally, there are many online resources available that provide tips and tricks for using this component of the solution.