What is waiver condition in SAP RE-FX - Flexible Real Estate Management?

SAP Term: waiver condition

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Rent adjustment A condition reflecting the voluntary decision of the landlord to forego a portion of rent owed. When there is a rent increase due to modernization of the rental property, the landlord can voluntarily choose to waive part of this increase. The system creates a separate condition for the amount of this difference between the increase and the actual amount paid.

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• Key Concepts: 
  A waiver condition in SAP RE-FX Flexible Real Estate Management is a type of condition that allows a tenant to be exempt from certain contractual obligations. This could include rent payments, maintenance fees, or other obligations. Waiver conditions are typically used when a tenant is facing financial hardship or other extenuating circumstances. 
  
  How to use it: 
  In order to use waiver conditions in SAP RE-FX Flexible Real Estate Management, the tenant must first submit a request for a waiver. This request should include details about the tenant’s financial situation and any extenuating circumstances that may have caused the hardship. Once the request is received, the landlord can then decide whether or not to grant the waiver. If approved, the waiver condition will be added to the contract and the tenant will be exempt from their contractual obligations. 
  
  Tips & Tricks: 
  When submitting a request for a waiver condition, it is important to provide as much detail as possible about the tenant’s financial situation and any extenuating circumstances that may have caused the hardship. This will help the landlord make an informed decision about whether or not to grant the waiver. 
  
  Related Information: 
  For more information about waiver conditions in SAP RE-FX Flexible Real Estate Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/RE-FX_Flexible_Real_Estate_Management/1.0/en-US