What is external usage in SAP (RE - Real Estate Management)?

SAP Term: external usage

• Component: RE

• Component Name: Real Estate Management

• Description: The space that is used or leased out externally. Flexible space management has several different usage scenarios: Internal/external usage or lease-out Multiple usage such as a room or parking space that can be leased out at different times to different parties Common usage, room or space that is made available to different parties at the same time, such as a restroom or a cafeteria

Smart SAP Assistant

• Key Concepts: 
  External usage in SAP RE (Real Estate Management) is the process of renting out a property to an external tenant. This includes the management of the rental agreement, payment of rent, and other related activities. It also includes the tracking of any changes in the rental agreement, such as changes in rent or other terms. 
  
  How to use it: 
  In SAP RE, external usage is managed through the use of rental contracts. These contracts are created and managed in the system, and they contain all relevant information about the rental agreement. This includes details such as the tenant's name, address, contact information, and payment terms. The system also allows for tracking of any changes to the contract, such as changes in rent or other terms. 
  
  Tips & Tricks: 
  When creating a rental contract in SAP RE, it is important to ensure that all relevant information is included. This includes details such as the tenant's name, address, contact information, and payment terms. It is also important to ensure that any changes to the contract are tracked and updated in the system. 
  
  Related Information: 
  For more information on external usage in SAP RE, please refer to the official SAP documentation on Real Estate Management.