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Special rental Terms & conditions mapping in SAP RE-FX.

Former Member
0 Kudos

Hi,

We are using Flexible real estate management and we are in EHP-7 (ECC 6.0) and for our client we have the below special rental terms and conditions.

Could you please help me to know if it is possible to change the contract conditions / cash flows based on the above conditions? How these kind of rental conditions with tenants can be mapped in SAP RE-FX?


1.) As per the terms of the contract, our client wants to bill / charge the tenants for late payments. For e.g. a Late fees of 25$ will be charged / billed to tenant in case if the tenant fails to make the rental payments within the scheduled due date. The late fees amount should be included in the next month invoice automatically along with the normal monthly rent.


2.) Our Client also gives rental waiver to tenants based on certain conditions. For e.g. If the tenant stays for more than 1 year, 100$ will be given as discount from the tenants’ normal monthly billing rental amount. The discount amount should be included in the next month invoice automatically along with the normal monthly rent.


3.) Similarly for certain commercial tenants with good relation, our client wants to give rental waiver for certain months. In this case, the cash flows are not in a regular frequency throughout the year. for e.g For a tenant who has a good track record, our client may decide to give discount of 50% on the monthly rentals for a period of 3 months and after 3 months the normal rental amounts are applicable.

Thanks,

Pavan.

Accepted Solutions (1)

Accepted Solutions (1)

narnei
Contributor
0 Kudos

Dear Mr.Pavan Kumar,

You can change the contract condition dates & values before posting, then you can also change the posting dates & cash flow dates by using the below fields.

RECN - TERM tab - You can use the FIRST POSTING FROM  & CASH FLOW FROM fields to get the cash flow as per your requirement / to a specific date, even though condition is valid since long time.

First posting date field is available in conditions tab also for Each Condition if you have specific date to give.

Then to give the discounts to a contract you can create a new conditions and add the condition in that contract with valid from and valid to dates by giving the unit price (discount Amount).

Regarding the penalties or excessive charges which may occur once in a while you can manage as a condition in contract or you can use one time postings option which is available in RE-FX standard.

Transaction Code to Process one time RERAOP : below link will help you to understand about one time postings.

One-Time Postings - Flexible Real Estate Management (RE-FX) - SAP Library

Thanks,

Subbarao.Narnei

Answers (1)

Answers (1)

bowen_cao
Contributor
0 Kudos

Hi Pavan,

Seems most of your question is related to payment, but not the functionality of real estate.

Maybe there is some solution in FI-AP.

Regards,

Bowen