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

SAP Term: basic rent

• Component: RE

• Component Name: Real Estate Management

• Description: The base amount for calculating comparative rent using a representative list of rents. When the system calculates comparative rent using this method, surcharges are added and reductions deducted from the basic rent. The basic rent based on unit of area is usually determined using the building age, size and location.

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• Key Concepts: 
  Basic rent is a type of rent that is paid by a tenant to a landlord for the use of a property. It is the most common type of rent and is usually calculated as a fixed amount per month or year. In SAP Real Estate Management (RE-FX), basic rent is used to calculate the total rent for a property. 
  
  How to use it: 
  In SAP RE-FX, basic rent can be used to calculate the total rent for a property. This is done by entering the basic rent amount in the “Basic Rent” field in the “Rent” tab of the property. The total rent will then be calculated based on this amount and any additional charges that may apply. 
  
  Tips & Tricks: 
  When entering the basic rent amount in SAP RE-FX, make sure to enter it in the correct currency and include any applicable taxes or fees. This will ensure that the total rent calculation is accurate. 
  
  Related Information: 
  For more information on how to use basic rent in SAP RE-FX, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_RE-FX/latest/en-US/f8d7f9a2b3e14c8a9f3d7c2b6f5e4d1a.html