What is 'condominium owner budget' in SAP RE - Real Estate Management?

condominium owner budget - Overview

• Component: RE

• Component Name: Real Estate Management

• Description: Condominium owners' association The costs and revenues described in the annual budget of the condominium owners' association are allocated to the owners in accordance with rules defined in the division declaration. The condominium owner budget forms the basis for the assessments to be paid by the condominium owners.

condominium owner budget - Details

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  Key Concepts: 
  Condominium owner budget is a feature of SAP Real Estate Management (RE-FX) that allows condominium owners to view and manage their budget. It provides a comprehensive overview of the budget for each condominium owner, including the total amount of money allocated to each owner, the amount of money spent, and the amount of money remaining. 
  
  How to use it: 
  To use the condominium owner budget feature, first log into SAP RE-FX. Then, navigate to the “Budget” tab and select “Condominium Owner Budget” from the drop-down menu. This will open a window with a list of all condominium owners and their respective budgets. From here, you can view and manage each individual budget. 
  
  Tips & Tricks: 
  When managing condominium owner budgets, it is important to keep track of all expenses and payments made by each owner. This will help ensure that all owners are paying their fair share and that no one is overspending or underpaying. Additionally, it is important to regularly review the budget to ensure that it is up-to-date and accurate. 
  
  Related Information: 
  For more information on SAP Real Estate Management (RE-FX) and its features, please visit the SAP website at https://www.sap.com/products/real-estate-management.html. Additionally, you can find more information about condominium owner budgets in the SAP Help Portal at https://help.sap.com/viewer/product/RE_FX/1H2020/en-US.