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Component: RE-FX
Component Name: Flexible Real Estate Management
Description: Land Use Management According to valuation law, unusable land encompasses those areas of land that cannot produce income even if managed carefully and efficiently. Unusable land is not valuated.
Key Concepts: Unusable land is a term used in SAP RE-FX Flexible Real Estate Management to refer to land that cannot be used for any purpose. This could include land that is too steep, too wet, or too rocky to build on. It can also refer to land that is subject to environmental restrictions or zoning regulations. How to use it: In SAP RE-FX Flexible Real Estate Management, unusable land is treated differently than usable land. Unusable land cannot be leased or sold, and it does not generate any revenue. Instead, it is treated as an asset and can be used for tax purposes or as collateral for loans. Tips & Tricks: When evaluating a piece of property, it is important to consider whether any of the land is unusable. This can help you determine the true value of the property and make sure you are not overpaying for unusable land. Related Information: For more information about SAP RE-FX Flexible Real Estate Management, please visit the SAP website at www.sap.com/products/real-estate-management.