What is real estate object in SAP RE - Real Estate Management?

SAP Term: real estate object

• Component: RE

• Component Name: Real Estate Management

• Description: Real estate objects in the strictest sense are: Architectural object Business entity Land Building Rental object The following objects are also real estate objects: Real estate contract Cost collector for settlement unit All of these, except the architectural object, are CO objects to which account assignment can be made.

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• Key Concepts: 
  Real estate object is a term used in SAP Real Estate Management (RE-FX) to refer to a physical object that is owned or leased by an organization. This could include buildings, land, and other physical assets. The real estate object is used to store information about the asset, such as its location, size, and value. 
  
  How to use it: 
  Real estate objects are created in the SAP system and can be used to track the ownership and leasing of physical assets. The real estate object can be linked to other objects in the system, such as contracts and leases, to provide a comprehensive view of the asset. 
  
  Tips & Tricks: 
  When creating a real estate object, it is important to ensure that all relevant information is included. This includes the location of the asset, its size, and its value. This will ensure that the asset can be tracked accurately in the system. 
  
  Related Information: 
  Real estate objects are part of SAP Real Estate Management (RE-FX). This module provides a comprehensive view of an organization's real estate portfolio and allows for efficient management of assets. It also provides tools for analyzing data related to real estate assets, such as market trends and rental rates.