Definition
Land, as the term is used in
Flexible Real Estate Management
, refers only to the land itself; it does not include the buildings on it.
Land is a part of a business entity.
The system automatically creates land as an internal Controlling object; in other words, land is an account assignment object.
Use
This object forms the basis for renting land or parts thereof, such as parking spaces or storage spaces.
Structure
General Data/Building Law and Usage/Economic Balance/Values/Posting Parameters
You can enter details on the quality of the land, land values, municipality and topographical location, as well as data on building and usage rights. This data is all informational only.
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.
Partner
You assign owners to the land based on their ownership share.
Availability
Using real estate objects, you can map lease-out processes (objects you own) as well as lease-in processes (externally owned objects). Time-dependent indicators control which objects are available for which processes.
Plant Maintenance
Using the Plant Maintenance (PM) component, you can assign functional locations, or have the system assign them automatically if you make the appropriate setting in Customizing.
Architectural View
It is possible to link land with an architectural object that already exists in the system.