What is retail landlord in SAP RE - Real Estate Management?

SAP Term: retail landlord

• Component: RE

• Component Name: Real Estate Management

• Description: Sales-based rent settlement Operator of shopping centers, airports, railroad stations or similar facilities that contain various types of retail shops.

Smart SAP Assistant

• Key Concepts: 
  A retail landlord is a term used in SAP Real Estate Management (RE-FX) to refer to a person or organization that owns or leases a retail space. This could be a shopping mall, a store, or any other type of retail space. The retail landlord is responsible for the management of the space, including the collection of rent and other fees, as well as the maintenance and upkeep of the property. 
  
  How to use it: 
  In SAP RE-FX, the retail landlord is represented by a business partner. This business partner can be created in the system and associated with the relevant real estate contract. The business partner can then be used to track all relevant information related to the retail landlord, such as contact information, payment history, and any other relevant data. 
  
  Tips & Tricks: 
  When creating a business partner for a retail landlord in SAP RE-FX, it is important to ensure that all relevant information is entered accurately. This includes contact information, payment history, and any other relevant data. Additionally, it is important to ensure that all documents related to the real estate contract are uploaded into the system for easy access. 
  
  Related Information: 
  For more information on SAP RE-FX and how to manage retail landlords in the system, please refer to the SAP Help Portal or contact your local SAP representative.