What is co-ownership share in SAP RE - Real Estate Management?

SAP Term: co-ownership share

• Component: RE

• Component Name: Real Estate Management

• Description: Under German law, a person's share in the value of commonly owned property rather than a specific part of the physical property.

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• Key Concepts: 
  Co-ownership share is a feature of SAP Real Estate Management (RE) that allows multiple owners to share ownership of a property. It allows for the creation of a co-ownership agreement between the owners, which defines the rights and responsibilities of each owner. The agreement also defines the percentage of ownership each owner has in the property. 
  
  How to use it: 
  In order to use the co-ownership share feature, users must first create a co-ownership agreement in SAP RE. This agreement will define the rights and responsibilities of each owner, as well as the percentage of ownership each owner has in the property. Once the agreement is created, users can then assign ownership shares to each owner. 
  
  Tips & Tricks: 
  When creating a co-ownership agreement, it is important to ensure that all parties involved are aware of their rights and responsibilities. Additionally, it is important to ensure that all parties agree on the percentage of ownership each party has in the property. 
  
  Related Information: 
  For more information on co-ownership share in SAP RE, please refer to the SAP Help Portal or contact your local SAP representative.