What is 'reservation type' in SAP RE-FX - Flexible Real Estate Management?

reservation type - Overview

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: An attribute that specifies in what form the object is reserved. Example: A room is reserved for an internal meeting.

reservation type - Details

• 
  Key Concepts: 
  Reservation type is a feature of the RE-FX Flexible Real Estate Management component of SAP. It is used to define the purpose of a reservation, such as for a rental or purchase. It also determines the type of contract that will be used for the reservation. 
  
  How to use it: 
  To use the reservation type feature, you must first create a reservation in the RE-FX Flexible Real Estate Management component. Once the reservation is created, you can select the appropriate reservation type from the drop-down menu. This will determine the type of contract that will be used for the reservation. 
  
  Tips & Tricks: 
  When selecting a reservation type, it is important to consider the purpose of the reservation and choose a type that best fits your needs. For example, if you are renting a property, you should select a rental type. If you are purchasing a property, you should select a purchase type. 
  
  Related Information: 
  For more information on using the reservation type feature in SAP RE-FX Flexible Real Estate Management, please refer to SAP Help documentation or contact your SAP support team.