What is correspondence application in SAP RE - Real Estate Management?

SAP Term: correspondence application

• Component: RE

• Component Name: Real Estate Management

• Description: A structuring element used in the SAP system to control correspondence. &EXAMPLE& Service charge settlement Rent adjustment Residential lease-out Commercial lease-out

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• Key Concepts: 
  Correspondence application in SAP RE is a tool used to create and manage correspondence documents. It allows users to create, store, and manage documents such as letters, emails, and faxes. It also provides a way to track the status of documents and to ensure that all correspondence is sent out in a timely manner. 
  
  How to use it: 
  To use the correspondence application in SAP RE, users must first create a document template. This template can be used to create new documents or edit existing ones. Once the document is created, users can then send it out via email, fax, or other methods. The application also allows users to track the status of the document and to ensure that all correspondence is sent out in a timely manner. 
  
  Tips & Tricks: 
  When creating documents in the correspondence application, it is important to make sure that all information is accurate and up-to-date. Additionally, it is important to keep track of any changes made to the document so that they can be easily accessed later on. 
  
  Related Information: 
  The correspondence application in SAP RE is part of the Real Estate Management module. Other modules within this module include Property Management, Lease Administration, and Financial Accounting. Additionally, there are several other applications within SAP RE that can be used in conjunction with the correspondence application.