Entering content frameProcedure documentation Editing Encumbrances Locate the document in its SAP Library structure

Please note that these functions are primarily designed to meet German requirements and may not be relevant to your country.

 

Prerequisites

Before you can create an encumbrance, you must first have entered the collateral object, including the main land register data (land registry, volume, page, real estate register).

Procedure

On the screen for creating or changing an application, contract offer or contract, choose the Objects tab.

To enter an encumbrance, you must first assign the object(s) to the loan contract. The system displays all the objects assigned to the contract. Before you can create an encumbrance, you need to enter a value for the object class ("main object", "additional object" or "joint liability object"), which in turn depends on whether you want to enter a single encumbrance or part of a total encumbrance.

Before you can create an encumbrance, you need to enter a value for the object class ("main object", "additional object" or "joint liability object"), which in turn depends on whether you want to enter a single encumbrance or part of a total encumbrance. A total encumbrance comprises a main object or additional object and several joint liability objects. Create the object classes accordingly.

Creating an Encumbrance

  1. Select an object.
  2. Choose Create encumbrance. Enter the collateral type for the encumbrance. On the Basic data tab, enter the land register data for Section III of the land register (mortgage, land charge, annuity charge, ...).
  3. On the Addit. data tab, you can enter additional information, such as the certificate number or issue date.
  4. Save your entries.

Note

The system automatically stores the encumbrance data you enter here in Section III of the land register.

You can display all the encumbrances for a selected object in an overview table.

Assigning an Encumbrance

  1. Select an object.
  2. If this object has already been assigned to a different contract and encumbrances have been created for that contract, you can assign the same encumbrances to this object. Choose Assign encumbrance.
  3. Save the selected encumbrances.

Changing an Encumbrance

  1. Select the relevant object and choose Encumbrances for object.
  2. Select the required encumbrance. Choose Encumbrance details or Enter and make your changes.
  3. Save your changes.

If you delete an encumbrance (Delete encumbrance) or make a new entry, the system revises Section III of the land register automatically.

Note

In the Change Land Register: Section III Encumbrances screen, you can only make changes relating to third-party encumbrances. The changes you make here do not affect the encumbrance data in the Encumbrances area.

Deleting an Encumbrance

  1. To delete an encumbrance, select the relevant object.
  2. Select the encumbrance you wish to delete.
  3. Choose Delete encumbrance. Confirm that you wish to delete the encumbrance.

Note

To delete an encumbrance for a main object for which joint-liability objects exist, you must first delete all encumbrances for the joint-liability objects and then delete the encumbrance for the main object.

 

 

 

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