Entering possession dates for objects in the contract

Possession dates define a period of time during which the object is available for use, whereby the possession dates can be before or after the contract start and end dates. This means that if you enter possession dates for an object that differ from the contract start date or end date, then the rental object is made available to the tenant before the contract starts, or is available after the contract ends. Conditions relating to objects with possession dates can also be valid before the contract start date or after the contract end date. Entering possession dates is relevant for the procedure for accruals/deferrals according to American accounting principles (FAS 13).

For more information, see the SAP Library under Processing Real Estate Contracts.

Considering a requested notice date in the real estate search

You can end a lease before the normal notice period expires, if you are able to find a suitable next tenant. This is the case for notice given at either the contract or object level. When entering notices, you can enter a requested notice date that the system then considers in the real estate search. This means that the real estate search considers the affected objects to be available as of this requested notice date, and the objects can be used in creating contract offers beginning after that date.

For more information, see the SAP Library under The Notice Process and under Creating a Contract.

Additional functions for service charge settlement

For service charge settlements, in which receivables and credits from advance payments are balanced against each other and posted in one amount, you can specify using rounding rules how the amounts are rounded. In addition, you can run reports on service charges for multiple settlements. Using a status monitor, you can show the processing status of settlement periods of one or more settlement units and their settlement periods.

For more information, see the SAP Library under Reports for Service Charge Settlement.

Input tax correction

If the basic factors for an input tax deduction change after the deduction was already made, then you can correct the originally deducted input tax using an input tax correction. The earliest that the input tax correction can be made is after the date beginning on which the asset is actually used. The correction is dependent on the option rate.

For more information, see the SAP Library under Input Tax Correction.

Enhancement of BI extraction

During the extraction of master data and flow data of Flexible Real Estate Management to Business Intelligence (BI), additional master data attributes (such as vacancy reason for a rental object) are transferred for usage objects. In addition, there are new DataSources for the extraction of data to Business Intelligence.

For more information, see the release note RE-FX: Enhancements of BI Extraction and in the SAP Library under Flexible Real Estate Management.

Mass change for cost efficiency analysis

To make it easier to make changes to adjustment measures for cost efficiency analysis (for example, changes to administrative costs or maintenance costs), you can use a mass change transaction for adjustment measures. You can also use reports that allow reporting for multiple cost efficiency analyses at one time.

For more information, see the SAP Library under Mass Change to Expense Items in CEA.

Additional reports and functions for Land Use Management (LUM)

You can use a simplified key for parcels. You can also define your own functions (what the parcel is used for) and enter them for parcels as an additional attribute. This is particularly relevant if you also use the business function Tax and Revenue Management Including Property Tax (PSCD_TRM&PROPERTY_TAX).

There are also new reports available.

For more information on these functions, see the documentation for business function Tax and Revenue Management Including Property Tax (PSCD_TRM_&_Property Tax) and in the SAP Library under Reports for Land Use Management (LUM).

Report on option rates for real estate objects

The report Overview of Option Rates of RE Objects is available for reporting on option rates of real estate objects. In addition to the option rates of the selected objects, the report shows the change to your option rates as compared to those of the previous time period. This data can be used for an audit based on German legal requirements.

For more information, see the SAP Library under Option Rate.