The Real Estate contract helps you map all contracts related to Real Estate management.

This is the factor that controls a Real Estate contract. You use the contract type to determine whether you map:

• Business processes of a real estate provider or user
• Lease-in or lease-out processes
• Own use or third-party use, or a G/L account contract (contract category internal contract, external contract, G/L account contract)

Contract types are defined in Customizing. To do so, choose the following path in the task level menu:

Customizing ® Flexible Real Estate Management ® Contract ® Contract Type

You process the notice data in the contract. It is possible to renew the contract automatically by predefining renewal options or by setting these rules in the contract itself.

You can make a flexible assignment of spaces to contracts (for commercial lease-outs the assignment can be cross-building and -company code).

For instance, rental objects that are subject to the same condition can be grouped together in a contract and assigned to that particular condition.

A contract can cover several objects (such as an apartment plus an underground parking lot in a building).

You define the payment conditions in the contract (payment method, form and frequency) for your chosen condition items.

In the case of own usage, you can either specify one cost center for the cash flow or a different cost center for each condition type.

You can use your own rules to generate resubmission dates for processing the contract.