Starting Situation
The third-party manager, IDES, Inc., owns three business entities. In addition, IDES manages the property of Boris Kapilsky (one building), the property of the firm Schmidt Electric (two buildings), and a condominium owners’ association (COA) with nine units.
Create Company Codes
You enter this data in different company codes as follows:
Company Code |
CoCode Name |
CoCode Type |
Master Data of COA |
---|---|---|---|
2000 |
COA |
COA company code |
9 original rental units |
0001 |
IDES |
Manager company code |
3 BEs |
7000 |
Boris Kapilsky |
Object mandate company code |
1 building |
8000 |
Schmidt Electric |
Object mandate company code |
2 buildings |
RECO |
Condominiums |
Condominium owner company code |
Data in COA Company Code 2000 (COA):
Company code 2000 (COA) contains the nine original rental units belonging to the condominium owners’ association. These rental units are occupied as follows in business entity 2000:
Rental Unit (RU) |
Owner |
Case* |
Leased Out To |
---|---|---|---|
RU 1 |
IDES |
Case 1 |
Allisa Glenn |
RU 2 |
IDES |
Case 1 |
Michael Le Clerc |
RU 3 |
Schmidt Electric |
Case 2 |
Omar Calapino |
RU 4 |
Schmidt Electric |
Case 2 |
Oleg Kopp |
RU 5 |
Kattia Salizar |
Case 3 |
Winnie Chung |
RU 6 |
Ning Shao |
Case 3 |
Ning Shao lives in her own apartment. |
RU 7 |
Elena Lopez |
Case 3 |
Mikio Oyama |
RU 8 |
David Martin |
-- |
David Martin handles rental of his condominium himself. |
RU 9 |
Common property |
Case 4 |
Caretaker |
* For cases 1 to 4, see Creating Master Data and Contracts for a COA
In the COA company code 2000, there is only one real estate contract of the
Lease-Out
category for the common property (contract with the caretaker).
Data in Manager Company Code 0001 (IDES):
Business entities 1 and 2 are owned completely by IDES.
Business entity 2000 is a
copy
of business entity 2000 from company code 2000 (COA). It contains those rental units that are owned by the manager (rental units 1 and 2), as well as the contracts belonging to those rental units (of the
Lease-Out
category).
It is possible to link between the rental units of business entity 2000 in the manager company code and the original rental units in the COA company code because company code 0001 is designated as the manager company code.
Data in the Object Mandate Company Code 7000 (Boris Kapilsky)
Business entity 1 is owned completely by Boris Kapilsky.
Boris does not own any condominiums belonging to the condominium owners’ association. Therefore, no copies are needed in company code 7000. It is
not
necessary to set the
Manager Company Code Behavior
indicator.
Data in the Object Mandate Company Code 8000 (Schmidt Electric)
Business entities 1 and 2 are owned completely by Schmidt Electric.
Business entity 2000 is a
copy
of business entity 2000 from the COA company code 2000. It contains those rental units of the COA that are owned by Schmidt Electric, as well as the contracts belonging to those rental units (of the
Lease-Out
category).
To make it possible for the rental units of business entity 2000 to be linked to the original objects in the COA company code, you have to set the
Manager Company Code Behavior
indicator in the object mandate company code.
Data in the Condominium Owner Company Code RECO
Business entity 2000 is a
copy
of business entity 2000 from the COA company code 2000. It contains those rental units that are owned by the investors (condominium owners) and are managed by the manager (rental units 5 and 7), as well as the contracts belonging to those rental units (of the
Lease-Out
category).