What is change lock in SAP RE-FX - Flexible Real Estate Management?

SAP Term: change lock

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A means of preventing changes to properties in the form of construction that increases the value. In real estate planning, the community government first agrees on a resolution to create the development plan. Once the development plan is approved by the responsible authorities, the community government can agree on a change lock so that further development is not allowed while the lock is in effect. This change lock is intended to prevent the land value from increasing to the benefit of the land owners due to the development. For the land in the area being developed, the authorities determine an initial value based on the prevailing market values.

Smart SAP Assistant

• Key Concepts: 
  Change lock is a feature in SAP RE-FX Flexible Real Estate Management that prevents changes to a contract or document until the change lock is released. This ensures that all changes are tracked and approved before they are applied. 
  
  How to use it: 
  To use the change lock feature, first select the document or contract you want to lock. Then, select the “Change Lock” option from the menu. This will prevent any changes from being made until the change lock is released. 
  
  Tips & Tricks: 
  When using the change lock feature, it is important to remember to release the lock once all changes have been approved. This will ensure that all changes are tracked and applied correctly. 
  
  Related Information: 
  For more information on using the change lock feature in SAP RE-FX Flexible Real Estate Management, please refer to the official SAP documentation.