What is division declaration in SAP RE - Real Estate Management?

SAP Term: division declaration

• Component: RE

• Component Name: Real Estate Management

• Description: German law Under Geman law there are two possible bases for residential ownership: Contractual agreement Division Division requires a division declaration that is obtained from and approved by the land registry office.

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• Key Concepts: 
  Division declaration is a feature in SAP Real Estate Management (RE) that allows users to divide a property into multiple divisions. This feature allows users to manage each division separately, and to assign different values to each division. 
  
  How to use it: 
  To use the division declaration feature, users must first create a property in RE. Then, they can create divisions within the property by entering the relevant information for each division. This includes the division name, size, and other details. Once the divisions are created, users can assign different values to each division and manage them separately. 
  
  Tips & Tricks: 
  When creating divisions within a property, it is important to ensure that all of the relevant information is entered correctly. This will help ensure that the divisions are managed properly and that the correct values are assigned to each division. 
  
  Related Information: 
  For more information on division declaration in SAP Real Estate Management, please refer to the official SAP documentation.