What is land reallocation activities in SAP RE-FX - Flexible Real Estate Management?

SAP Term: land reallocation activities

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A public measure relating to agricultural and forest properties in which all property owners participate. To improve farming and forestry, property which has been divided up into small pieces or which cannot be easily cultivated because of its shape is joined together according to various economic factors to make it easier to manage.

Smart SAP Assistant

• Key Concepts: 
  Land reallocation activities are a part of the RE-FX Flexible Real Estate Management component of SAP. This component allows users to manage their real estate portfolio, including land reallocation activities. Land reallocation activities involve the transfer of land from one owner to another, or from one use to another. This can include the sale or lease of land, as well as the transfer of rights and obligations associated with the land. 
  
  How to use it: 
  The RE-FX Flexible Real Estate Management component of SAP allows users to manage their real estate portfolio, including land reallocation activities. This includes the ability to create and manage contracts for the sale or lease of land, as well as the transfer of rights and obligations associated with the land. The component also provides tools for tracking and managing land reallocation activities, such as tracking changes in ownership or use of land over time. 
  
  Tips & Tricks: 
  When using the RE-FX Flexible Real Estate Management component of SAP for land reallocation activities, it is important to ensure that all relevant information is accurately tracked and updated. This includes tracking changes in ownership or use of land over time, as well as any associated rights and obligations. It is also important to ensure that all contracts related to the sale or lease of land are properly managed and updated. 
  
  Related Information: 
  For more information on the RE-FX Flexible Real Estate Management component of SAP, please visit https://www.sap.com/products/real-estate-management.html. For more information on land reallocation activities, please visit https://www.landexchange.org/what-is-land-reallocation/.