What is settlement unit in SAP RE-FX - Flexible Real Estate Management?

SAP Term: settlement unit

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A real estate object that specifies the type of settlement for service charge settlement. It contains: The settlement period including the settlement variant The service charge key type of service charges, such as hot water The measurement such as, hot water consumption in cubic feet The participating objects business entites, buildings, properties, rental objects

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• Key Concepts: 
  A settlement unit is a unit of measure used in the RE-FX Flexible Real Estate Management component of SAP. It is used to define the size of a real estate object, such as an apartment or office space. The settlement unit is used to calculate the rent and other costs associated with the object. 
  
  How to use it: 
  The settlement unit is used to define the size of a real estate object. This can be done by entering the size of the object in square meters or square feet. The settlement unit can also be used to calculate the rent and other costs associated with the object. This is done by entering the number of settlement units and then calculating the total cost based on the rate per settlement unit. 
  
  Tips & Tricks: 
  When entering the size of a real estate object, it is important to make sure that the correct units are used. For example, if the size is entered in square meters, then all calculations should be done using square meters as well. 
  
  Related Information: 
  The settlement unit is part of the RE-FX Flexible Real Estate Management component of SAP. This component also includes features such as lease management, contract management, and asset management.