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 Parcel

Definition

A parcel is a defined section of the earth’s surface that is administered in the real estate cadaster under its own description. The parcel with its description is the unit used for recording land in the real estate cadaster. The real estate cadaster is a public register for parcels of land. It records the location of parcels of land and their characteristics derived from the land survey.

A local subdistrict is an extensive area of land with boundaries that usually correspond to naturally-occurring boundaries. Often the local subdistrict shares the same boundaries as a section of the municipality and has the same name. The local subdistrict is the largest unit in the cadaster and generally consists of numerous tracts of land.

Use

You can assign the following master data objects to a parcel:

  • Business entity

  • Building

  • Land

  • Rental object

  • Business partner

  • Functional location

  • Fixed asset

You can assign parcels from within real estate contracts.

For more information, see: