Object or parts of an object on the basis of which rooms or areas (for instance apartments, warehouses, stores) are rented.

A building is part of a business entity.

The system automatically creates a building as an internal Controlling object; in other words buildings are also account assignment objects.

Buildings or their parts are the basis for renting spatial units, such as apartments, warehouses and stores.

You categorize the building according to its type and condition, describe its fixtures and fittings, characteristics and area usage, and enter important dates (such as construction year, start and end of construction, date of modernization, etc.).

You can also make assignments to a profit center or a business area.

The parameters for calculating deductible input tax (option rates) in the rental process are based on German law.

You can link buildings or parts of buildings together in a hierarchy. This means that you can define as many lower-level buildings or parts of building as required for the higher-level building.

You assign owners to the building according to their ownership share.

In the partner management screen, you assign relevant people to the building, such as the responsible administrator, technician, or manager.

Using the Real Estate objects, you can represent rental processes (objects in your own portfolio) as well as tenant rental processes (externally owned objects). A time-dependent indicator controls which objects are available for which processes.

You can influence other factors and values that may be beneficial for managing your real estate by assigning functional locations (Plant Maintenance PM component), elements of a work breakdown structure (Project System PS component) and internal orders (Controlling CO component) to Real Estate objects.