What is tract of land in SAP RE-FX - Flexible Real Estate Management?

SAP Term: tract of land

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Part of a local subdistrict that contains multiple parcels of land. The tract of land is a technical term in the cadaster for a topographically defined area.

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• Key Concepts: 
  Tract of land is a term used in SAP RE-FX Flexible Real Estate Management to refer to a piece of land that is owned by an organization or individual. It is typically used to refer to a large area of land, such as a farm or estate. The tract of land can be divided into smaller parcels, and each parcel can be managed separately. 
  
  How to use it: 
  In SAP RE-FX Flexible Real Estate Management, the tract of land is used to manage the ownership and usage of the land. It can be used to track the ownership of the land, as well as any leases or contracts associated with it. It can also be used to track the usage of the land, such as for farming or other activities. 
  
  Tips & Tricks: 
  When managing a tract of land in SAP RE-FX Flexible Real Estate Management, it is important to keep track of all the details associated with it. This includes tracking the ownership, leases, contracts, and usage of the land. It is also important to keep track of any changes that occur over time, such as changes in ownership or usage. 
  
  Related Information: 
  SAP RE-FX Flexible Real Estate Management also includes other features related to managing tracts of land, such as tracking financial information and creating reports. Additionally, there are other tools available that can help with managing tracts of land, such as GIS mapping software and other real estate management software.