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

SAP Term: commercial lease-out

• Component: RE

• Component Name: Real Estate Management

• Description: A contract type used to map the rental of commercial spaces.

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• Key Concepts: 
  Commercial lease-out is a process in SAP Real Estate Management (RE-FX) that allows a company to rent out its own real estate properties to third parties. This process involves the creation of a rental agreement between the company and the tenant, as well as the management of the rental payments and other related activities. 
  
  How to use it: 
  In order to use commercial lease-out in SAP RE-FX, the company must first create a rental agreement with the tenant. This agreement should include details such as the duration of the lease, the amount of rent to be paid, and any other conditions that may apply. Once this agreement is created, the company can then manage the rental payments and other related activities through SAP RE-FX. 
  
  Tips & Tricks: 
  When creating a rental agreement for commercial lease-out in SAP RE-FX, it is important to ensure that all relevant information is included in the agreement. This includes details such as the duration of the lease, the amount of rent to be paid, and any other conditions that may apply. Additionally, it is important to ensure that all payments are made on time in order to avoid any potential issues with late payments or missed payments. 
  
  Related Information: 
  SAP RE-FX also provides additional features for managing commercial lease-out, such as tracking rental payments and generating reports on rental activity. Additionally, SAP RE-FX can be used to manage other aspects of real estate management, such as property maintenance and tenant management.