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

SAP Term: occupancy contract

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A contract that provides for exclusive usage of a rental object, such as a lease-out contract. &EXAMPLE& Two contracts are assigned to a rental object that is an apartment: a Lease-out residential b Maintenance The lease-out contract is an occupancy contract because it prevents the apartment from being leased out again exception: common usage. Non-occupancy contracts refer to any real estate objects, but do not define their use for example, a maintenance contract or a tenant rental agreement.

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• Key Concepts: 
  An occupancy contract is a type of contract used in SAP RE-FX Flexible Real Estate Management. It is used to manage the rental of a property, such as an office or apartment, from a landlord to a tenant. The contract includes details such as the rental period, the amount of rent due, and any other conditions that must be met by the tenant. 
  
  How to use it: 
  In SAP RE-FX Flexible Real Estate Management, an occupancy contract is created when a tenant and landlord agree to rent a property. The contract is then stored in the system and can be accessed at any time. The contract can be updated with any changes that occur during the rental period, such as changes in rent or other conditions. 
  
  Tips & Tricks: 
  When creating an occupancy contract in SAP RE-FX Flexible Real Estate Management, it is important to ensure that all details are accurate and up-to-date. This will help to avoid any confusion or disputes between the tenant and landlord during the rental period. 
  
  Related Information: 
  SAP RE-FX Flexible Real Estate Management also includes other features such as lease management, asset management, and financial management. These features can be used to manage all aspects of a rental property, from creating occupancy contracts to tracking payments and expenses.