What is 'continuous occupancy' in SAP RE-FX - Flexible Real Estate Management?

continuous occupancy - Overview

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: The actual usage of a reservation object, such as a room, by one or more persons or the presence of equipment.

continuous occupancy - Details

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  Key Concepts: 
  Continuous occupancy is a feature of SAP RE-FX Flexible Real Estate Management that allows for the automatic renewal of rental contracts. This feature ensures that rental contracts are renewed on time and that the tenant remains in the property without interruption. 
  
  How to use it: 
  Continuous occupancy can be enabled in SAP RE-FX Flexible Real Estate Management by setting up a contract template with the desired renewal parameters. This template can then be applied to all rental contracts, ensuring that they are automatically renewed on time. 
  
  Tips & Tricks: 
  When setting up a contract template for continuous occupancy, it is important to ensure that all of the desired renewal parameters are included. This will ensure that the rental contracts are renewed correctly and on time. 
  
  Related Information: 
  Continuous occupancy is just one of the many features of SAP RE-FX Flexible Real Estate Management. Other features include lease accounting, rent calculation, and tenant management.