What is 'poorest quality land' in SAP RE-FX - Flexible Real Estate Management?

poorest quality land - Overview

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: In Land Use Management LUM a type of land, encompassing areas of land that produce the least yield and for which, according to land valuation laws, no numbers are specified.

poorest quality land - Details

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  Key Concepts: 
  Poor quality land is a term used in SAP RE-FX Flexible Real Estate Management to describe land that has a low value due to its physical characteristics, such as soil quality, topography, or other factors. It is typically used to refer to land that is not suitable for development or agricultural use. 
  
  How to use it: 
  In SAP RE-FX Flexible Real Estate Management, poor quality land can be identified and managed through the system. This allows users to track the value of the land and make decisions about how it should be used. For example, users can decide whether to develop the land or leave it in its current state. 
  
  Tips & Tricks: 
  When assessing the value of poor quality land, it is important to consider all factors that could affect its value. This includes factors such as soil quality, topography, access to utilities, and zoning regulations. Additionally, it is important to consider the potential for future development or agricultural use when assessing the value of the land. 
  
  Related Information: 
  SAP RE-FX Flexible Real Estate Management also provides tools for managing other types of real estate assets, such as buildings and leases. Additionally, SAP offers a range of other software solutions for managing real estate assets, including SAP Real Estate Management and SAP Property Management.