What is right of use contract in SAP (RE-FX - Flexible Real Estate Management)?

SAP Term: right of use contract

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A contract that does not increase or decrease the productive holdings of the enterprise, but is instead related to usage. &EXAMPLE& Renting Leasing

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• Key Concepts: 
  A right of use contract is a type of agreement in SAP RE-FX Flexible Real Estate Management that allows a tenant to use a property for a specified period of time. The contract outlines the terms and conditions of the agreement, including the duration of the lease, the amount of rent to be paid, and any other obligations or restrictions. 
  
  How to Use It: 
  In SAP RE-FX Flexible Real Estate Management, right of use contracts are created in the system and can be used to manage all aspects of the lease agreement. This includes setting up payment schedules, tracking payments, and managing any changes to the contract. The system also allows users to track the status of the contract and view any associated documents. 
  
  Tips & Tricks: 
  When creating a right of use contract in SAP RE-FX Flexible Real Estate Management, it is important to ensure that all relevant information is included in the agreement. This includes details such as the duration of the lease, any restrictions or obligations, and payment terms. Additionally, it is important to ensure that all parties involved in the agreement are aware of their responsibilities and obligations. 
  
  Related Information: 
  For more information on right of use contracts in SAP RE-FX Flexible Real Estate Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to create and manage right of use contracts in SAP RE-FX Flexible Real Estate Management.