What is property ownership per storey in SAP RE - Real Estate Management?

SAP Term: property ownership per storey

• Component: RE

• Component Name: Real Estate Management

• Description: Under Swiss law, co-ownership of a property. According to a special right, the co-owner has parts of the building at his disposal.

Smart SAP Assistant

• Key Concepts: 
  Property ownership per storey is a feature of SAP Real Estate Management (RE-FX) that allows users to assign ownership of a property to different owners for each storey. This feature is useful for multi-storey buildings, where each storey may have a different owner. It also allows users to assign different rights and responsibilities to each owner, such as the right to rent out the space or the responsibility for maintenance. 
  
  How to use it: 
  To use this feature, users must first create a property in RE-FX and assign it to an owner. Then, they can assign ownership of each storey to a different owner. This can be done by selecting the “Property Ownership per Storey” option in the RE-FX menu. From there, users can select the storey they want to assign ownership to and then select the owner from a list of available owners. 
  
  Tips & Tricks: 
  When assigning ownership of a storey, it is important to make sure that all relevant information is included in the assignment. This includes the rights and responsibilities of each owner, as well as any restrictions or conditions that may apply. Additionally, it is important to keep track of who owns which storeys in order to ensure that all owners are aware of their rights and responsibilities. 
  
  Related Information: 
  For more information on property ownership per storey in SAP RE-FX, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are several online resources available that provide detailed information on how to use this feature in RE-FX.