Introduction to Rent Contracts in SAP HANA
- Creating a rent contract in SAP HANA involves utilizing the SAP S/4HANA Flexible Real Estate Management (RE-FX) module & for Utilities.
- This process is essential for managing real estate assets effectively within your organization.
Prerequisites for Creating a Rent Contract
Before you begin creating a rent contract, ensure the following prerequisites are in place:
- Real estate objects like buildings and rental units must be configured.
- Master data including business partners and cost centers should be established.
- The contract type and number range must be set up correctly.
Steps to Create a Rent Contract
Follow these steps to create a rent contract in SAP HANA using the RE-FX module:
- Open Transaction: Access SAP GUI and enter transaction code RECN to create a real estate contract.
- General Data Entry: Select your contract type (e.g., rental agreement), enter your company code, start and end dates, and set the status to “active” or “in process.”
- Partner Information: Specify the business partner role (e.g., tenant) and enter the relevant partner numbers.
- Object Assignment: Assign rental units or buildings, ensuring all object assignments are correctly verified.
- Add Conditions: Define the rent amount, frequency (monthly), currency, and any additional service charges or maintenance fees in the conditions tab.
- Posting Parameters: Input details such as revenue accounts, cost centers, tax codes, and payment terms.
- Save the Contract: Click the save button, and the system will generate a unique contract number.
By following these steps, you can successfully create a rent contract in SAP HANA. Make sure to review your entries carefully before saving to ensure all information is accurate.
