What is land in SAP RE - Real Estate Management?

SAP Term: land

• Component: RE

• Component Name: Real Estate Management

• Description: Lot or site not including the buildings erected on it. Land belongs to the business entity.

Smart SAP Assistant

• Key Concepts: 
  Land is a component of SAP Real Estate Management (RE-FX) that allows users to manage and track land-related information. This includes land ownership, land use, zoning, and other related data. Land can be used to track the value of land over time, as well as to manage the development of land for various purposes.
  
  How to Use it: 
  In SAP RE-FX, users can create a land record for each piece of land they own or manage. This record will include information such as the owner, location, size, zoning, and other relevant data. Users can then use this data to track the value of the land over time and to manage the development of the land for various purposes.
  
  Tips & Tricks: 
  When creating a land record in SAP RE-FX, it is important to ensure that all relevant information is included. This includes not only the basic information such as owner and location, but also any zoning or other restrictions that may apply to the land. Additionally, it is important to keep track of any changes in ownership or zoning that may occur over time.
  
  Related Information: 
  SAP RE-FX also includes other components such as Buildings and Leases which can be used in conjunction with Land to manage real estate assets more effectively. Additionally, SAP RE-FX integrates with other SAP modules such as Financials and Controlling which can be used to track financial information related to real estate assets.