Periods of Notice
Use
You can either define general keys for periods of notice or make contract-specific settings.
Features
You can set the periods of notice for the general contract in the following ways:
Assign a notice key
A notice key defines rules for periods of notice. The rules can be based on the tenancy law, contract category or in relation to the contract term.
Notice keys are defined in Customizing for Real Estate.
Enter user-defined data in the master data of a contract
In the latter case, the system supports a period regulation and a deadline regulation.
Period regulation
Depending on the contract:
You can determine exact periods of notice with frequencies of monthly, quarterly, or six monthly periods
You can calculate the notice date based on the date on which the notice was received
Deadline regulations
Depending on the contract term:
You can specify the date of notice
You can calculate the date of notice from the receipt of the notice date