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

SAP Term: mandate

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Third party management Master data that represents the central information in a management contract. This information is needed for managing real estate for third parties, and includes information such as the business partner and bank details. The mandate master data contains a link to a reference company code that is used as a template for creating the mandate company code. There are two mandate types: Object mandate COA mandate

Smart SAP Assistant

• Key Concepts: 
  A mandate in SAP RE-FX Flexible Real Estate Management is a contract between a landlord and tenant that outlines the terms of the rental agreement. It includes details such as the rental amount, duration of the lease, and any other conditions that must be met. The mandate is used to track all rental transactions and ensure compliance with the terms of the agreement. 
  
  How to use it: 
  In SAP RE-FX, a mandate is created when a tenant signs a rental agreement with a landlord. The mandate is then used to track all rental transactions and ensure compliance with the terms of the agreement. The mandate can be viewed in the system at any time and can be updated as needed. 
  
  Tips & Tricks: 
  When creating a mandate in SAP RE-FX, it is important to ensure that all details are accurate and up-to-date. This will help to ensure that all rental transactions are tracked correctly and that any changes to the agreement are reflected in the system. 
  
  Related Information: 
  For more information on mandates in SAP RE-FX, please refer to the official documentation available on the SAP website. Additionally, there are many online resources available that provide detailed information on how to use mandates in SAP RE-FX.