What is adjustment by fifteenths in SAP (RE - Real Estate Management)?

SAP Term: adjustment by fifteenths

• Component: RE

• Component Name: Real Estate Management

• Description: Incremental increase of rent over a period of fifteen years.

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• Key Concepts: 
  Adjustment by fifteenths is a feature in SAP Real Estate Management (RE-FX) that allows for the adjustment of rental payments in a lease agreement. This feature allows for the adjustment of rental payments to be made in increments of 1/15th of the total amount due. This feature is useful for tenants who may not be able to pay the full amount due at once, but can pay in smaller increments over time. 
  
  How to use it: 
  To use this feature, the tenant must first enter the total amount due for the lease agreement into SAP RE-FX. The tenant can then select the “Adjustment by Fifteenths” option and enter the amount they are able to pay in each increment. The system will then calculate the total amount due and adjust the payment accordingly. 
  
  Tips & Tricks: 
  It is important to note that this feature only works if the total amount due is entered into SAP RE-FX before selecting the “Adjustment by Fifteenths” option. Additionally, it is important to ensure that all payments are made on time in order to avoid any late fees or penalties. 
  
  Related Information: 
  For more information on this feature, please refer to SAP Help documentation or contact your local SAP representative.