What is municipal fee notice in SAP RE-FX - Flexible Real Estate Management?

SAP Term: municipal fee notice

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Land use management LUM A notice for a governmental fee or tax, such as: Property tax Water fee Street cleaning fee These fees are charged by a government agency and are entered in as vendor contracts.

Smart SAP Assistant

• Key Concepts: 
  Municipal fee notices are documents issued by local governments to property owners, informing them of the amount of taxes and fees they owe. In SAP RE-FX Flexible Real Estate Management, municipal fee notices are used to track and manage these payments. 
  
  How to use it: 
  In SAP RE-FX, municipal fee notices can be created and managed in the ‘Municipal Fee Notices’ section of the application. Here, users can view all existing municipal fee notices, create new ones, and edit existing ones. They can also view the status of each notice, such as whether it has been paid or not. 
  
  Tips & Tricks: 
  When creating a new municipal fee notice in SAP RE-FX, it is important to ensure that all relevant information is included. This includes the amount due, the due date, and any other relevant details. Additionally, users should ensure that all payments are made on time to avoid any penalties or late fees. 
  
  Related Information: 
  SAP RE-FX also includes other features related to municipal fee notices, such as the ability to generate reports on payments and fees due. Additionally, users can set up automated reminders for upcoming payments and receive notifications when payments are overdue.