What is Real Estate general contract in SAP RE - Real Estate Management?

SAP Term: Real Estate general contract

• Component: RE

• Component Name: Real Estate Management

• Description: A flexible object that uses contract types to display different viewpoints. Real Estate general contracts include: Vendor contract: displays accounts payable customer view Customer contract: displays accounts receivable vendor view Vendor and customer contract: displays accounts payable and accounts receivable customer and vendor view The different views are defined by the contract type.

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• Key Concepts: 
  Real Estate general contract is a component of SAP Real Estate Management (RE). It is used to manage the contractual relationships between a company and its tenants, landlords, and other real estate partners. It allows companies to track and manage all aspects of their real estate contracts, including rent payments, lease terms, and other contractual obligations. 
  
  How to use it: 
  Real Estate general contract can be used to create and manage contracts for both tenants and landlords. It allows users to define the terms of the contract, such as rent payments, lease terms, and other contractual obligations. It also provides tools for tracking and managing the contract throughout its life cycle. 
  
  Tips & Tricks: 
  When creating a contract in Real Estate general contract, it is important to ensure that all relevant information is included in the contract. This includes the names of both parties involved in the contract, the duration of the contract, any special conditions or clauses that may apply, and any other relevant information. Additionally, it is important to ensure that all changes to the contract are documented and tracked. 
  
  Related Information: 
  Real Estate general contract is part of SAP's suite of real estate management solutions. Other components include Real Estate Lease Administration (RELA), Real Estate Investment Management (REIM), and Real Estate Portfolio Management (REPM). These components can be used together to provide a comprehensive solution for managing real estate contracts.