What is 'Common Area Maintenance Expense Recovery' in SAP RE-FX-YC - Common Area Maintenance?

Common Area Maintenance Expense Recovery - Overview

• Component: RE-FX-YC

• Component Name: Common Area Maintenance

• Description: An application that distributes expenses associated with common area maintenance for example, lawn maintenance and water usage of leased commercial buildings among tenants according to individual leases. The landlord of, for example, a shopping mall, pays the expenses for common area maintenance and issues invoices apportioning costs to tenants according to contractual stipulation. In North America, the landlord may invoice tenants for additional expenses, such as management fees or administration fees. The aplication is tightly integrated with the SAP ERP 6.0 component Flexible Real Estate Management RE-FX and has similarities with Service Charge Settlement SCS.

Common Area Maintenance Expense Recovery - Details

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  Key Concepts: 
  Common Area Maintenance Expense Recovery (CAMER) is a component of the SAP Real Estate Management (RE-FX) module. It enables organizations to manage and recover common area maintenance expenses from tenants. Common area maintenance expenses are those incurred for the upkeep of shared areas in a building, such as lobbies, hallways, and elevators. 
  
  How to use it: 
  CAMER allows organizations to define and manage common area maintenance expenses, as well as to track and recover these expenses from tenants. It also provides the ability to generate invoices for tenants based on their usage of common areas. Additionally, CAMER can be used to generate reports on common area maintenance expenses and tenant payments. 
  
  Tips & Tricks: 
  When setting up CAMER, it is important to ensure that all common area maintenance expenses are accurately defined and tracked. This will ensure that tenants are billed correctly and that all payments are properly accounted for. Additionally, it is important to regularly review the reports generated by CAMER to ensure that all payments are being tracked correctly. 
  
  Related Information: 
  For more information on CAMER, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are several online resources available that provide detailed information on how to use CAMER.