What is 'advance payment for sales-based rent' in SAP RE-FX - Flexible Real Estate Management?

advance payment for sales-based rent - Overview

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Condition type of sales-based rent settlement. Advance payments for sales-based rent can be one-time or recurring conditions in a sales-based rent agreement of a real estate contract. Advance payments made are settled against the rent calculated based on the sales-based rent agreement.

advance payment for sales-based rent - Details

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  Key Concepts: 
  Advance payment for sales-based rent is a feature of SAP's RE-FX Flexible Real Estate Management component. It allows customers to make payments in advance for rent that is based on sales. This feature helps customers manage their cash flow and budget more effectively. 
  
  How to use it: 
  To use the advance payment for sales-based rent feature, customers must first set up the payment terms in the system. This includes specifying the payment amount, frequency, and due date. Once the payment terms are set up, customers can make payments in advance for their rent. 
  
  Tips & Tricks: 
  It is important to keep track of payments made in advance so that customers can ensure they are not overpaying or underpaying for their rent. Additionally, customers should review their payment terms regularly to ensure they are still applicable and up-to-date. 
  
  Related Information: 
  The advance payment for sales-based rent feature is part of SAP's RE-FX Flexible Real Estate Management component. Other features of this component include lease management, contract management, and asset management.