What is area type in SAP RE - Real Estate Management?

SAP Term: area type

• Component: RE

• Component Name: Real Estate Management

• Description: A key describing the usage of an area. Apportionment factors can be derived from area types.

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• Key Concepts: 
  Area type is a component of SAP Real Estate Management (RE) that allows users to define and manage different types of areas. It is used to classify areas according to their purpose, such as residential, commercial, or industrial. The area type also determines the characteristics of the area, such as the size, shape, and other attributes. 
  
  How to use it: 
  To use area type in SAP RE, users must first define the area type in the system. This can be done by entering the area type name and description, as well as any other relevant information. Once the area type is defined, users can assign it to an area in the system. This will allow them to track and manage the area according to its type. 
  
  Tips & Tricks: 
  When defining an area type in SAP RE, it is important to consider how it will be used in the system. For example, if an area is intended for residential use, it may need different attributes than an area intended for commercial use. It is also important to consider how the area type will be used in reporting and analysis. 
  
  Related Information: 
  For more information on using area type in SAP RE, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for using this feature in SAP RE.