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

SAP Term: tenant settlement

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Third-party management Service charge settlement for tenants renting codominiums owned by others.

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• Key Concepts: 
  Tenant settlement is a process in SAP RE-FX Flexible Real Estate Management that allows for the settlement of tenant-related costs and revenues. This process enables the user to settle tenant-related costs and revenues to the appropriate accounts, such as rent, utilities, and other services. The tenant settlement process also allows for the reconciliation of tenant-related costs and revenues with the tenant's contract. 
  
  How to use it: 
  The tenant settlement process is initiated by entering a settlement request in the system. This request contains information about the tenant, such as the contract number, the start and end dates of the contract, and any other relevant information. Once the request is entered, the system will generate a list of all tenant-related costs and revenues that need to be settled. The user can then select which items need to be settled and enter the appropriate accounts for each item. Once all items have been settled, the system will generate a report that shows all of the settlements that have been made. 
  
  Tips & Tricks: 
  When entering a settlement request, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that all of the settlements are accurate and that no discrepancies arise during the reconciliation process. Additionally, it is important to keep track of all of the settlements that have been made in order to ensure that all of the costs and revenues are properly accounted for. 
  
  Related Information: 
  The tenant settlement process is closely related to other processes in SAP RE-FX Flexible Real Estate Management, such as lease accounting and rent calculation. Additionally, it is important to understand how these processes interact with each other in order to ensure that all of the necessary information is accurately accounted for.