What is sales-based rent agreement in SAP RE-FX - Flexible Real Estate Management?

SAP Term: sales-based rent agreement

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Contractually specified calculation rule used to determine payments such as rent based on sales reported by the tenant. Payments already made can be offset against these amounts due.

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• Key Concepts: 
  A sales-based rent agreement is a type of rental agreement in SAP's RE-FX Flexible Real Estate Management component. It is a contract between a tenant and a landlord that defines the terms of the rental, including the amount of rent to be paid, the duration of the agreement, and any other conditions that must be met. The tenant pays rent based on the sales of their business, rather than a fixed amount. 
  
  How to use it: 
  In SAP's RE-FX Flexible Real Estate Management component, sales-based rent agreements are created by entering the details of the agreement into the system. This includes information such as the tenant's name, address, and contact information; the duration of the agreement; and any other conditions that must be met. Once this information is entered, the system will calculate the amount of rent to be paid based on the tenant's sales. 
  
  Tips & Tricks: 
  When creating a sales-based rent agreement in SAP's RE-FX Flexible Real Estate Management component, it is important to ensure that all relevant information is entered accurately. This includes details such as the tenant's name, address, and contact information; the duration of the agreement; and any other conditions that must be met. Additionally, it is important to ensure that all relevant documents are signed and dated correctly. 
  
  Related Information: 
  SAP's RE-FX Flexible Real Estate Management component also offers other types of rental agreements, such as fixed-term agreements and variable-term agreements. Additionally, it provides features such as lease accounting and lease administration. For more information about these features, please refer to SAP's official documentation.