What is parcel in SAP RE - Real Estate Management?

SAP Term: parcel

• Component: RE

• Component Name: Real Estate Management

• Description: The smallest unit recorded in the cadaster. A parcel is a defined section of the earth's surface that is recorded and administered in the real estate cadaster under its own number. The parcels are recorded graphically in parcel maps, with textual descriptions being recorded in the real properties register. In Land Use Management LUM, you use the parcel to manage data for cadastral, internal and other purposes. You can enter data on relationships of parcels to notices of assessment for taxes and to other real estate master data objects.

Smart SAP Assistant

• Key Concepts: 
  Parcel is a term used in SAP Real Estate Management (RE-FX) to refer to a piece of land or property. It is used to identify and track the ownership, location, and other details of a particular piece of land or property. 
  
  How to use it: 
  In SAP RE-FX, parcels are created and managed in the Parcel Master Data view. This view allows users to enter information about the parcel such as its location, size, ownership, and other details. This information can then be used for various purposes such as calculating taxes, tracking ownership changes, and more. 
  
  Tips & Tricks: 
  When creating a new parcel in SAP RE-FX, it is important to ensure that all relevant information is entered accurately. This will help ensure that the parcel can be tracked and managed properly. Additionally, it is important to keep the parcel master data up-to-date in order to ensure that all relevant information is available when needed. 
  
  Related Information: 
  For more information on how to use parcels in SAP RE-FX, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for working with parcels in SAP RE-FX.