Property

Property

Definition

A property (PR) in the Real Estate component refers to the land only; it does not include the buildings on it.

Use

Properties or parts of property, such as parking spaces or storage spaces, form the basis for rentals.

Structure

The property manages:

Data on the building law
Details on the usage of the property
Quality of the property (ground type and condition)
Data on the land price/value

Integration

Business entity
Properties are parts of a business entity.

Building
The basic area of a building is assigned to one or several properties.

Land register
Previously created master record information can be assigned to the land register. The land register structure of the Real Estate (IS-RE) component corresponds to the standard structure of land registers in Germany, including the real estate register and data on sections I, II, III.

Asset Accounting (FI-AA)
By means of the business entity, you can set up a link to Asset Accounting (FI-AA).
Properties as well as parts of properties of the same business entity are assigned with a main asset number or a subnumber respectively to the corresponding asset super number of the business entities.