What is easement in SAP RE - Real Estate Management?

SAP Term: easement

• Component: RE

• Component Name: Real Estate Management

• Description: Land use management LUM In Germany, easements are regulated at state level. Easements represent a voluntary obligation on the part of the land owner to create or allow conditions that form the basis for the correctness of another party's construction plans.

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• Key Concepts: 
  Easement is a legal right to use another person's property for a specific purpose. In SAP Real Estate Management (RE-FX), easements are used to define the rights of third parties to use a property, such as for access, utilities, or other purposes. Easement agreements are recorded in the system and can be used to manage the associated costs and liabilities. 
  
  How to Use It: 
  In SAP RE-FX, easements can be created and managed in the Easement Management module. This module allows users to create and manage easement agreements, including defining the rights of third parties, setting up payment schedules, and tracking associated costs. Easements can also be linked to contracts and leases in order to ensure that all relevant information is tracked and managed in one place. 
  
  Tips & Tricks: 
  When creating an easement agreement in SAP RE-FX, it is important to ensure that all relevant information is included. This includes the rights of the third party, any associated costs or liabilities, and any payment schedules or deadlines. It is also important to ensure that all relevant contracts and leases are linked to the easement agreement in order to ensure that all information is tracked in one place. 
  
  Related Information: 
  For more information on easements in SAP RE-FX, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_RE_FX/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html