What is special assessment in SAP (RE-FX - Flexible Real Estate Management)?

SAP Term: special assessment

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: An extraordinary payment requested from condominium owners by the condominium owners’ association to cover costs for large outlays when the assessment payments and reserves are not sufficient.

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• Key Concepts: 
  Special assessment is a feature of SAP RE-FX Flexible Real Estate Management that allows users to assess additional charges to tenants for services such as repairs, maintenance, and other services. These charges are typically based on the tenant's usage of the services and can be billed on a monthly or annual basis. 
  
  How to use it: 
  To use special assessment in SAP RE-FX, users must first set up the assessment type in the system. This includes defining the assessment criteria, such as the amount to be charged and the frequency of billing. Once this is done, users can then create an assessment for a tenant and assign it to them. The system will then automatically generate invoices for the tenant based on the assessment criteria. 
  
  Tips & Tricks: 
  When setting up special assessments in SAP RE-FX, it is important to ensure that all relevant information is included in the assessment criteria. This includes any applicable taxes or fees that may be associated with the assessment. Additionally, it is important to ensure that all invoices generated by the system are accurate and up-to-date. 
  
  Related Information: 
  For more information about special assessments in SAP RE-FX, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide detailed tutorials and best practices for using this feature.