What is base rate in SAP RE - Real Estate Management?

SAP Term: base rate

• Component: RE

• Component Name: Real Estate Management

• Description: Under German law, the composite rate valid in the last month of the input tax adjustment phase that is, December of the calendar year of the first use of the asset. It forms the basis for the correction of input tax in the input tax correction period.

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• Key Concepts: 
  Base rate is a term used in SAP Real Estate Management (RE) to refer to the rate of rent or lease payments that are used as the basis for calculating the total amount due. It is usually expressed as a percentage of the total rent or lease amount. The base rate is used to calculate the total amount due for a given period of time, such as a month or year.
  
  How to use it: 
  In SAP RE, the base rate is used to calculate the total amount due for a given period of time. To calculate the total amount due, you must first enter the base rate and then enter the total rent or lease amount. The total amount due will be calculated based on the base rate and the total rent or lease amount.
  
  Tips & Tricks: 
  When entering the base rate in SAP RE, make sure to enter it as a percentage rather than a decimal. This will ensure that the total amount due is calculated correctly. Additionally, make sure to double-check your calculations before submitting them.
  
  Related Information: 
  The base rate is just one of many terms used in SAP RE. Other terms include occupancy cost, operating cost, and capital cost. Understanding these terms and how they are used in SAP RE can help you better manage your real estate investments.