What is part-ownership in SAP RE - Real Estate Management?

SAP Term: part-ownership

• Component: RE

• Component Name: Real Estate Management

• Description: A part area of the ownership structure of a condominium owners' association. Part-ownership includes: Separate ownership of rooms that are not used for residential purposes Co-ownership share of the common property

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• Key Concepts: 
  Part-ownership in SAP Real Estate Management (RE) is a feature that allows multiple parties to own a single property. This feature allows for the sharing of ownership rights and responsibilities between multiple parties, such as tenants, landlords, and investors. It also allows for the tracking of ownership rights and responsibilities over time. 
  
  How to use it: 
  Part-ownership in SAP RE can be used to manage the ownership of a property by multiple parties. This includes tracking the ownership rights and responsibilities of each party, as well as any changes in ownership over time. It also allows for the sharing of costs and profits associated with the property. 
  
  Tips & Tricks: 
  When setting up part-ownership in SAP RE, it is important to ensure that all parties involved are aware of their rights and responsibilities. This includes understanding who is responsible for what costs and profits associated with the property. Additionally, it is important to ensure that all parties are aware of any changes in ownership over time. 
  
  Related Information: 
  For more information on part-ownership in SAP RE, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are several online resources available that provide more detailed information on this feature.