What is collective lease-out in SAP RE - Real Estate Management?

SAP Term: collective lease-out

• Component: RE

• Component Name: Real Estate Management

• Description: A grouping of rental units belonging to one contractual partner. There is a freely-definable key assigned to the lease-outs.

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• Key Concepts: 
  Collective lease-out is a feature of SAP Real Estate Management (RE-FX) that allows a company to manage multiple leases in one transaction. It enables the company to enter all the necessary data for the lease in one go, and then generate a single document for all the leases. This simplifies the process of managing multiple leases and reduces paperwork. 
  
  How to use it: 
  To use collective lease-out, first enter the data for each lease into the system. This includes information such as the tenant, rental amount, and duration of the lease. Once all the data is entered, you can generate a single document for all the leases. This document can then be used to manage all the leases in one go. 
  
  Tips & Tricks: 
  When using collective lease-out, make sure to double-check all the data you have entered into the system. This will ensure that all the leases are managed correctly and that no mistakes are made. Additionally, it is important to keep track of any changes that are made to the leases, as this will help you stay up-to-date with any changes that may occur. 
  
  Related Information: 
  For more information on collective lease-out, please refer to SAP's official documentation on Real Estate Management (RE-FX). Additionally, there are many online resources available that provide detailed tutorials on how to use collective lease-out in SAP RE-FX.