What is 'main contract' in SAP RE - Real Estate Management?

main contract - Overview

• Component: RE

• Component Name: Real Estate Management

• Description: A real estate contract that has other subordinate real estate contracts. It serves the purpose of representing contract hierarchies.

main contract - Details

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  Key Concepts: 
  A main contract in SAP Real Estate Management (RE) is a legally binding agreement between a landlord and tenant. It defines the terms of the rental agreement, such as the duration of the lease, the amount of rent to be paid, and any other conditions that must be met. The main contract also serves as a reference document for all other related contracts and documents. 
  
  How to use it: 
  In SAP RE, a main contract is created in the system by entering the relevant details such as the tenant’s name, address, and contact information. The system then generates a unique contract number which is used to identify the contract. The main contract can then be used to create other related documents such as rental agreements, payment schedules, and more. 
  
  Tips & Tricks: 
  When creating a main contract in SAP RE, it is important to ensure that all relevant details are entered accurately. This will help to ensure that all related documents are generated correctly and that any disputes or misunderstandings can be avoided. 
  
  Related Information: 
  For more information on creating main contracts in SAP RE, please refer to the official SAP documentation.