What is municipality in SAP RE - Real Estate Management?

SAP Term: municipality

• Component: RE

• Component Name: Real Estate Management

• Description: An administrative unit in Portugal. A district contains municipalities.

Smart SAP Assistant

• Key Concepts: 
  Municipality is a term used in SAP Real Estate Management (RE-FX) to refer to a local government or administrative division of a country. It is used to define the area in which a property is located and can be used to determine the applicable taxes and regulations. 
  
  How to use it: 
  In SAP RE-FX, municipalities are used to define the area in which a property is located. This information can be used to determine the applicable taxes and regulations for that property. The municipality can also be used to identify the local government or administrative division responsible for the property. 
  
  Tips & Tricks: 
  When entering a new property into SAP RE-FX, it is important to ensure that the correct municipality is selected. This will ensure that the applicable taxes and regulations are correctly applied. 
  
  Related Information: 
  The municipality information in SAP RE-FX can be linked to other modules such as Financial Accounting (FI) and Controlling (CO). This allows for more accurate reporting and analysis of financial data related to properties located in different municipalities.