Creating a Real
Estate 
Prerequisites
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1. In the Implementation Guide (IMG) Customizing for Real Estate, you must define the following:
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a. Real estate types by choosing Collateral Management ® Object Management ® Collateral Objects ® Real Estate ® Define Real Estate Types. You must assign the relevant business partner sets, document sets and insurance sets to the real estate types.
b. Essential real estate attributes such as usage types, building part types and cost types by choosing Real Estate ® Basic Functions.
c. Process control settings by choosing Collateral Management ® Object Management ® Process Control. For detailed information, see
d. Implement the relevant Business Add-In (BAdI) to maintain country specific land registers by choosing Real Estate ® Land Register ® Business Add-Ins.
Procedure
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1. In the Collateral Management workbench, choose the application menu path CMS ® Set Org Units to specify the organizational units (administration organizational unit and bank area) in which you want to create the new real estate object.
2. In the Search area of the Collateral Management workbench, select the tab New and then expand the node Real Estate.
3. Double click on the real estate type for which you want to create a new real estate object.
The Create Real Estate Type screen appears.
4. In the header area of the real estate, you can :
a. Enter a short text for the real estate object.
b.
Use the
Measurement Bases to maintain measurement units that would be used
for all the values of the real estate object. You must specify the measurement
bases for area, volume and currency.
c.
Create notes on
general information on the real estate using the 
Notes icon.
5. Click on the Land Register button to maintain the details of the corresponding land register page for the real estate object.
For detailed information on creating land register pages, see
6. Enter the following master data :
Tab page |
Section |
Details |
Identification |
Location |
Address details, country code and location descriptors
You must enter the country code before proceeding to enter any other details. Define the required location descriptors in the Customizing for Real Estate. |
Land |
Area |
Land overview such as total area, the area available for lease and the relevant costs such as land cost, development and any other additional costs. |
Description |
Size / Units and Building summary |
Number of building part units, the size of the constructed area and the area available for construction, the residential area and the unused area for the real estate. Summarize the building parts as total number of old, new and current units. |
Construction |
Construction and Dates |
Construction method, construction progress (in terms of amounts disbursed) and the important construction dates. |
Costs |
Construction, Maintenance and Additional costs
|
Costs incurred in the construction and external development of the real estate object. Maintenance costs for residential and commercial usage real esate. Any other costs influencing the value of a real estate object. Enter the percentage of the allowable cost to allow the system to perform an internal calculation to determine the possible increase of the real estate value.
Define the required cost types in the Customizing for Real Estate by choosing Object Management ® Collateral Objects ® Real Estate ® Basic Functions ® Define Cost Types. |
Usage |
Usage |
Usage type to specify the purpose for which the real estate object is being used. You must enter one main usage type. You can choose to specify two additional usages. Utilization type to specify if the usage is for self occupation, for commercial purposes or for both.
Rental details cannot be entered for the utilization type Self. Select utilizaiton type Mixed if the real estate building parts are used for both, self and commercial utilization. |
Collateral details |
|
Asset specific details including the safety discounts, lending rates, liquidation details and risk codes. These details determine the lending value calculation for a real estate object. |
Business partner / Documents |
|
Business partners and documents related to the real estate object.
Business partner and documents must be assigned against relevant partner functions and document types, respectively. |
Building Parts |
Building parts |
Building part type, construction, usage, land register pages and other real estate specific master data.
To create a building part, you must select a
building part type and then click on You can also specify if a building part is an accessory. |
Valuation summary |
Object value |
Basic purchase and market values of the real estate object. If the market value is imported from a valuation engine, then you can enter the revaluation details. |
Insurance |
|
Insurance type, amounts, validity dates, insurance business partners and valid documents
Enter insurance details for an insurance type. Define the required insurance types in the Customizing for Real Estate. |
Financing |
|
Receivable and credit system identifications.
Enter the financing details only if the real estate object is financed using a receivable. |
Administration |
Admin org unit / Bank area |
The main administration organizational unit, bank area and the system and user statuses are automatically saved on the real estate object. Enter additional organizational units if required. |
7. Save your entries.
When you create a real estate object, the master data can be maintained in various screens. You can set the sequence of the screens and the status of the fields for each real estate type, in the IMG activity path Collateral Management ® Object Management ® Process Control ® User Interface ® Define Screen Structure.
Result
When you save the real estate data, a unique identification is generated for the real estate. The system creates a corresponding asset at runtime for use in the internal collateral processes in the Collateral Management.
An identification key is generated internally only if the number range assignment type for the real estate type is Internal. For more information, see relevant Customizing documentation by choosing Object Management ® Maintain Number Ranges.
You can navigate to the other entity objects from the Overview tab page. In the Overview and the Calculation tab pages, the collateral object is represented as Asset. You can use the short text and other details to identify the collateral objects.