What is assessment contract in SAP RE - Real Estate Management?

SAP Term: assessment contract

• Component: RE

• Component Name: Real Estate Management

• Description: Condominimum owners' association COA An agreement requiring payment from individual condominium owners to the owners' association. The contract partner customer is the individual condominium owner. The assessment contract is used to post the fees assessed by the owners' association. The assessment contract relates to one or more rental objects that are separately owned by a contractual partner within the condominium owners' association. The agreement does not open a new mandate. Instead it is assigned to the mandate of the COA contract.

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• Key Concepts: 
  An assessment contract in SAP Real Estate Management (RE) is a contract between a tenant and a landlord that outlines the terms of the tenant's rental agreement. It includes details such as the rental amount, payment terms, and any additional fees or charges. The assessment contract also outlines the tenant's rights and responsibilities, such as maintenance and repair obligations. 
  
  How to use it: 
  In SAP RE, an assessment contract is created when a tenant signs a rental agreement with a landlord. The assessment contract is then stored in the system and can be accessed by both parties. The contract can be updated or amended as needed, and all changes are tracked in the system. 
  
  Tips & Tricks: 
  When creating an assessment contract in SAP RE, it is important to ensure that all relevant information is included. This includes the rental amount, payment terms, additional fees or charges, and any other details that may be relevant to the agreement. It is also important to ensure that both parties understand their rights and responsibilities under the agreement. 
  
  Related Information: 
  For more information on assessment contracts in SAP RE, please refer to the SAP Help Portal or contact your local SAP representative.