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

SAP Term: vendor contract

• Component: RE

• Component Name: Real Estate Management

• Description: A contract type used in the real estate general contract. The tenant can use it to display accounts payable.

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• Key Concepts: 
  A vendor contract in SAP Real Estate Management (RE) is an agreement between a tenant and a landlord that outlines the terms of a rental agreement. It includes details such as the rental amount, the duration of the contract, and any other conditions that must be met. The vendor contract is used to track all rental payments and ensure that all parties are in compliance with the terms of the agreement. 
  
  How to use it: 
  In SAP RE, a vendor contract is created by entering the details of the agreement into the system. This includes information such as the tenant's name, address, and contact information; the rental amount; and any other conditions that must be met. Once this information is entered, the system will generate a vendor contract that can be printed or emailed to both parties for their records. 
  
  Tips & Tricks: 
  When creating a vendor contract in SAP RE, it is important to ensure that all details are accurate and up-to-date. This includes making sure that all contact information is correct and that any conditions or restrictions are clearly stated. Additionally, it is important to keep track of any changes or updates to the agreement so that both parties are aware of them. 
  
  Related Information: 
  For more information on vendor contracts in SAP RE, please refer to the official SAP documentation at https://help.sap.com/viewer/product/REAL_ESTATE_MANAGEMENT/80000001/en-US.