What is internal contract in SAP RE-FX - Flexible Real Estate Management?

SAP Term: internal contract

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Serves solely as a means of mapping your own usage of real estate objects your company owns itself. The contract is in the form of an agreement with the organizational unit in your company that uses the space or object. Currently this organizational unit could be a cost center, an order, or a project. Each condition type within the contract is assigned to a cost center.

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• Key Concepts: 
  Internal contracts are documents used in SAP RE-FX Flexible Real Estate Management to define the terms of a rental agreement between a tenant and a landlord. They contain information such as the rental period, the amount of rent, and any additional fees or charges. The internal contract also serves as a reference document for all other related documents, such as invoices and payment records.
  
  How to use it: 
  To create an internal contract in SAP RE-FX Flexible Real Estate Management, you must first enter the tenant's information into the system. This includes their name, address, contact information, and any other relevant details. Once this is done, you can then enter the details of the rental agreement, such as the rental period, amount of rent, and any additional fees or charges. Once all of this information is entered into the system, you can then generate an internal contract document that can be used as a reference for all other related documents.
  
  Tips & Tricks: 
  When creating an internal contract in SAP RE-FX Flexible Real Estate Management, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that all related documents are accurate and that there are no discrepancies between them. Additionally, it is important to keep track of any changes that are made to the internal contract over time so that they can be reflected in all related documents.
  
  Related Information: 
  For more information on how to use SAP RE-FX Flexible Real Estate Management to create internal contracts, please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to use this software.