What is condominium owner company code in SAP RE-FX - Flexible Real Estate Management?

SAP Term: condominium owner company code

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Third party management A company code with the special purpose of mapping individual condominiums that are managed for their owners. The real estate manager uses this company code for handling all processes related to managing the condominiums of individual owners belonging to a condominium owners' association. These processes include leasing out the condominium and collecting rent.

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• Key Concepts: 
  A condominium owner company code is a type of company code used in SAP RE-FX Flexible Real Estate Management. It is used to represent the legal entity of a condominium owner, and is used to manage the financial transactions related to the condominium. 
  
  How to use it: 
  The condominium owner company code is used to manage the financial transactions related to the condominium. This includes recording payments, tracking expenses, and managing accounts receivable and payable. The company code also allows for the tracking of rental income and other income related to the condominium. 
  
  Tips & Tricks: 
  When setting up a condominium owner company code, it is important to ensure that all relevant information is entered correctly. This includes the name of the condominium, the address, and any other relevant information. Additionally, it is important to ensure that all accounts are properly linked to the company code so that all transactions are accurately tracked. 
  
  Related Information: 
  For more information on setting up a condominium owner company code in SAP RE-FX Flexible Real Estate Management, please refer to SAP Help documentation or contact your SAP support team.