Owner Settlement
Use
Owner settlement distributes the costs and revenues incurred for the real estate objects (business entity, property, building, rental unit, lease-out) to the owners assigned to those objects.
Integration
Master data real estate objects
Owner data is created within the master data, with the respective property share.
Third-party management
The owner settlement can also be executed from the standpoint of the property manager. The property manager executes the following settlement on behalf of the owner:
Costs payable by the tenant
All costs that can be assigned to the tenant
Costs/revenues payable by the owner
All costs that can neither be assigned to the tenant nor to the manager
Costs/revenues payable by the manager
All costs that can neither be assigned to the tenant nor to the owner.
Settlement via cost elements
You define cost elements for the owner in Controlling, broken down into costs and revenues. Real estate-specific cost elements are assigned to these owner cost elements in Real Estate Customizing .
You assign costs and revenues exactly on the basis of these cost elements.
Requirement
Settings in Real Estate Customizing
You have to activate owner management in Real Estate Customizing in order to execute an owner settlement in the system.
Owner master data (partner management)
The following data patterns are required for the posting procedures:
Owner master data |
Owner vendor account master data |
The owner exists as customer with assignments of the owner vendor account. |
A vendor account of the owner exists with assignments of the owner customer account. |
Features
The costs and revenues are apportioned based on the owners’ property share.
The owner settlement is carried out in two posting steps:
A transfer posting is made of all costs and revenues assigned on the real estate objects according to the assignments in Real Estate Customizing. The transfer posting is carried out according to the owner shares defined in the master data of the real estate objects (business entity, property, building, rental unit)
Postings of the real estate object to the vendor (= vendor account of owner) are carried out per owner. During posting, a document is created both for costs and for revenues, each with a posting line per owner cost element and per tax code.
