What is condominium in SAP RE - Real Estate Management?

SAP Term: condominium

• Component: RE

• Component Name: Real Estate Management

• Description: An apartment that can be exclusively owned, along with an interest in the commonly shared parts of the property to which the apartment belongs.

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• Key Concepts: 
  Condominiums are a type of real estate property that is owned by multiple people. In SAP Real Estate Management (RE), condominiums are managed as a single unit, with each owner having a share in the property. The condominium is managed as a single entity, with all owners having access to the same information and features. 
  
  How to use it: 
  In SAP RE, condominiums are managed as a single unit. This means that all owners have access to the same information and features. Owners can view and manage their share of the property, as well as view information about the other owners. They can also view and manage any common areas or amenities associated with the condominium. 
  
  Tips & Tricks: 
  When managing a condominium in SAP RE, it is important to keep track of all owners and their shares in the property. This will help ensure that all owners have access to the same information and features, and that any changes made to the property are properly documented. 
  
  Related Information: 
  SAP RE also provides features for managing other types of real estate properties, such as apartments, houses, and commercial buildings. For more information on these features, please refer to the SAP RE documentation.