What is encumbrance type in SAP RE-FX - Flexible Real Estate Management?

SAP Term: encumbrance type

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Land use management A kind of easement. The servient tenement can only be encumbered to the benefit of the dominant tenement in such a way that there is an advantage for the holder of the easement. This advantage must be of an economic, but not necessarily financial, nature. Who the holder is depends on the type of easement: Appurtenant easement Limited personal easement Usufructuary right The holder of an appurtenant easement, for example, is the owner of the dominant tenement. Encumbrance types could include: Right of first refusal Right of way Right to drive through

Smart SAP Assistant

• Key Concepts: 
  Encumbrance type is a feature of SAP RE-FX Flexible Real Estate Management that allows users to define the types of encumbrances that can be applied to a real estate contract. Encumbrances are restrictions or obligations that are placed on a contract, such as a lien or mortgage. Encumbrance types can be used to define the type of encumbrance, the amount of the encumbrance, and the duration of the encumbrance.
  
  How to use it: 
  To use encumbrance type in SAP RE-FX Flexible Real Estate Management, users must first create an encumbrance type in the system. This can be done by navigating to the “Encumbrance Type” tab in the system and entering the details of the encumbrance type. Once an encumbrance type has been created, it can then be applied to a real estate contract by selecting it from a list of available encumbrance types.
  
  Tips & Tricks: 
  When creating an encumbrance type in SAP RE-FX Flexible Real Estate Management, it is important to ensure that all of the details are accurate and up-to-date. This will ensure that any encumbrances applied to a real estate contract are valid and enforceable. Additionally, it is important to keep track of all encumbrances that have been applied to a real estate contract, as this will help ensure that all obligations are met.
  
  Related Information: 
  For more information about using encumbrance type in SAP RE-FX Flexible Real Estate Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using this feature.