What is basic period in SAP RE - Real Estate Management?

SAP Term: basic period

• Component: RE

• Component Name: Real Estate Management

• Description: The valid time period of an architectural object.

Smart SAP Assistant

• Key Concepts: 
  Basic period is a term used in SAP Real Estate Management (RE) to refer to the period of time for which a contract is valid. It is the length of time that a tenant is obligated to pay rent for a property. The basic period can be set up in the system and can be used to calculate the rent amount for each period. 
  
  How to use it: 
  In SAP RE, the basic period can be set up in the system by entering the start and end dates of the contract. This will determine the length of time for which the tenant is obligated to pay rent. The system will then calculate the rent amount for each period based on this information. 
  
  Tips & Tricks: 
  When setting up a basic period in SAP RE, it is important to ensure that all relevant information is entered correctly. This includes the start and end dates of the contract, as well as any other relevant information such as discounts or additional fees. 
  
  Related Information: 
  The basic period is an important concept in SAP RE and is closely related to other concepts such as rent calculation, contract management, and tenant management. Understanding how these concepts work together can help ensure that all contracts are managed correctly and efficiently.