What is 'co-owner' in SAP RE-RER - Real Estate Residential Solution?

co-owner - Overview

• Component: RE-RER

• Component Name: Real Estate Residential Solution

• Description: A person sharing the property rights with the purchaser.

co-owner - Details

• 
  Key Concepts: 
  A co-owner in the RE-RER Real Estate Residential Solution is a person who has a partial ownership of a property. This person is legally responsible for the property and has the right to use it, but does not have full ownership. 
  
  How to use it: 
  The RE-RER Real Estate Residential Solution allows users to assign co-owners to properties. This can be done by entering the co-owner's name and contact information into the system. The system will then generate a legal document that outlines the rights and responsibilities of the co-owner. 
  
  Tips & Tricks: 
  When assigning a co-owner to a property, it is important to make sure that all parties involved understand their rights and responsibilities. It is also important to keep track of any changes in ownership or contact information, as this can affect the legal document generated by the system. 
  
  Related Information: 
  The RE-RER Real Estate Residential Solution also allows users to assign tenants to properties. This process is similar to assigning co-owners, but there are some differences in terms of rights and responsibilities. It is important to understand these differences before assigning tenants or co-owners to a property.