What is notice in SAP RE - Real Estate Management?

SAP Term: notice

• Component: RE

• Component Name: Real Estate Management

• Description: The termination of a lease-out by the landlord or by the tenant.

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• Key Concepts: 
  A notice in SAP RE is a document that is used to inform tenants of changes to their rental agreement. It can be used to inform tenants of rent increases, changes in the terms of the lease, or other changes that may affect them. Notices can also be used to inform tenants of upcoming maintenance or repairs that need to be done. 
  
  How to use it: 
  In SAP RE, notices can be created and sent to tenants from the Notices tab in the Lease Administration screen. From this tab, users can select the type of notice they want to send, enter the tenant’s information, and enter any additional information that needs to be included in the notice. Once all of the information has been entered, users can then send the notice to the tenant. 
  
  Tips & Tricks: 
  When creating a notice in SAP RE, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that tenants are informed of any changes in a timely manner and that they are aware of their rights and responsibilities under the new terms. Additionally, it is important to make sure that all notices are sent out in a timely manner so that tenants are not left in the dark about any changes. 
  
  Related Information: 
  For more information on notices in SAP RE, please refer to the SAP Help documentation on Notices in Lease Administration. Additionally, there are several online resources available that provide more detailed information on how to create and send notices in SAP RE.