What is 'initial status' in SAP RE - Real Estate Management?

initial status - Overview

• Component: RE

• Component Name: Real Estate Management

• Description: A status that is active when you create an account assignment object. More than one initial status can be active at a time.

initial status - Details

• 
  Key Concepts: 
  Initial status is a feature in SAP Real Estate Management (RE) that allows users to set the initial status of a real estate object. This status can be used to indicate the current state of the object, such as whether it is occupied, vacant, or under construction. It can also be used to track changes in the object's status over time. 
  
  How to use it: 
  To set the initial status of a real estate object, users must first select the object in the RE system. Then, they can select the “Initial Status” option from the menu and enter the desired status. The initial status will then be saved and can be viewed in the system at any time. 
  
  Tips & Tricks: 
  It is important to keep track of the initial status of real estate objects, as this information can be used for various purposes such as tracking changes in occupancy or construction progress. Additionally, users should make sure to update the initial status whenever there is a change in the object's state. 
  
  Related Information: 
  The initial status feature is closely related to other features in SAP RE such as occupancy and construction progress tracking. Additionally, it can be used in conjunction with other features such as lease management and asset management.