Rental Units
Definition
A rental unit is the spatial unit on the basis of which Real Estate objects are rented.
Each rental unit is uniquely assigned to a building or a property.
The system automatically creates a rental unit as an internal Controlling object; in other words the rental unit is also an account assignment object.
Use
If you want to rent properties or buildings/parts of buildings (for instance apartments, parking areas) you assign rental units to them.
On the basis of these grouped and managed rental units, you carry out the first or subsequent rental using the lease out management function.
Structure
General data
You assign the apartment or the property to the rental unit.
Conditions
You determine the rental conditions; default conditions are proposed when you create the lease out but you can change these as required; it is possible to have different conditions for lease out and the related rental unit.
You can collect imputed vacancy costs incurred on the rental unit on the basis of the conditions on a cost center assigned to the rental unit.
Additional data / apportionment units / fixtures and fittings
Here you make settings relevant for the business processes: rent adjustment, service charge settlement and account determination.
Ownership structure
You assign owners to the rental units according to their ownership share.
Business partner
In the partner management screen, you assign relevant people to the rental unit, such as the responsible administrator, technician, or manager.
Availability
Using the Real Estate objects, you can represent rental processes (objects in your own portfolio) as well as tenant rental processes (externally owned objects). A time-dependent indicator controls which objects are available for which processes.
Rooms
If you have already defined and assigned rooms to the rental unit, you can display a list of these rooms with an overview of their usage characteristics.
Plant Maintenance / Project System / Controlling
You can influence other factors and values that may be beneficial for managing your real estate by assigning functional locations (Plant Maintenance PM component), elements of a work breakdown structure (Project System PS component) and internal orders (Controlling CO component) to Real Estate objects.