To give an overview of functionality of Land Use Management, I have briefly mentioned it in steps trying to explain the process flow.
Step 1 – Creation of master data specific to LUM: Parcel of land is created in system. Assign it to Assets if the need be.
Step 2 – Acquisition of parcel of land using lease in contract. This contract type will change the holdings from old owner to new owner.
Step 3 – Update of parcel of land: Any change in measurement of parcel of land is recorded using this functionality.
Step 4 – You need to update this piece of land (parcel of land) in the land register. It has 3 sections which needs to be updated to parcel of land information.
Step 5 – Other public register (Optional): Contamination/ non-hazardous waste, site protection, easement, development plan are various public register in which you can update parcel of land.
Step 6 – Notice of assessment: This is needed to capture assessed value of the property. This may be referred later for the property tax purpose. You may need to create a Municipality lease in contract to take care of the property tax payable to tax authority.
Step 7 – Creation of lease out and lease in contract for right of way easements.
Step 8 – Creation of sale contract for disposal of parcel of land. This will involve change in holdings from present owner to new owner.
** I will keep updating each step based on queries, if any Regards, Amar
