What is customer contract in SAP RE - Real Estate Management?

SAP Term: customer contract

• Component: RE

• Component Name: Real Estate Management

• Description: A contract type used in the Real Estate general contract. The landlord can use it to display accounts receivable.

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• Key Concepts: 
  A customer contract in SAP Real Estate Management (RE) is a legally binding agreement between a tenant and a landlord. It outlines the terms of the rental agreement, such as the duration of the lease, the amount of rent to be paid, and any other conditions that must be met. The customer contract also serves as a record of all transactions related to the rental agreement. 
  
  How to use it: 
  In SAP RE, customer contracts are created and managed in the Contract Management module. This module allows users to create new contracts, view existing contracts, and make changes to existing contracts. The Contract Management module also provides tools for tracking payments and managing rental agreements. 
  
  Tips & Tricks: 
  When creating a customer contract in SAP RE, it is important to ensure that all relevant information is included. This includes the duration of the lease, the amount of rent to be paid, and any other conditions that must be met. It is also important to ensure that all parties involved in the rental agreement are aware of their obligations under the contract. 
  
  Related Information: 
  For more information on customer contracts in SAP RE, please refer to the SAP Help Portal or contact your local SAP representative.