What is parcel update in SAP RE - Real Estate Management?

SAP Term: parcel update

• Component: RE

• Component Name: Real Estate Management

• Description: A record showing the history of the parcel, such as merging or splitting of parcels. The parcel update is created by the survey office. This change does not have to be recorded at the same time in the survey office and land registry, that is, there can be a time lag between the two.

Smart SAP Assistant

• Key Concepts: 
  Parcel Update is a feature in SAP Real Estate Management (RE-FX) that allows users to update the information of a parcel in the system. This includes updating the parcel's address, size, and other related information. The Parcel Update feature also allows users to add new parcels to the system. 
  
  How to use it: 
  To use the Parcel Update feature, users must first access the RE-FX module in SAP. Once in the module, users can select the Parcel Update option from the menu. From there, users can enter the necessary information for each parcel and save their changes. 
  
  Tips & Tricks: 
  When using the Parcel Update feature, it is important to double-check all of the information entered for accuracy. This will ensure that all of the data is up-to-date and accurate in the system. 
  
  Related Information: 
  The Parcel Update feature is closely related to other features in SAP RE-FX such as Lease Administration and Contract Management. These features allow users to manage leases and contracts related to parcels in the system.