What is owner settlement in SAP RE - Real Estate Management?

SAP Term: owner settlement

• Component: RE

• Component Name: Real Estate Management

• Description: Settlement of costs and revenues from Real Estate objects on the owners of the objects according to their owner shares.

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• Key Concepts: 
  Owner settlement is a process in SAP Real Estate Management (RE-FX) that allows for the settlement of rental payments between a tenant and a landlord. It is used to record the payment of rent and other charges, such as service charges, and to calculate the amount due from the tenant. The process also allows for the reconciliation of payments between the tenant and landlord. 
  
  How to use it: 
  To use owner settlement in SAP RE-FX, first create a contract for the tenant and landlord. Then, enter the rental payments and other charges into the system. The system will then calculate the amount due from the tenant and reconcile any discrepancies between the two parties. Finally, generate a settlement document to be signed by both parties. 
  
  Tips & Tricks: 
  When entering rental payments into SAP RE-FX, make sure to enter all relevant information such as payment date, amount, and payment type. This will ensure that all payments are accurately recorded and reconciled. 
  
  Related Information: 
  For more information on owner settlement in SAP RE-FX, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/REAL_ESTATE_MANAGEMENT/7.5/en-US