What is building in SAP RE - Real Estate Management?

SAP Term: building

• Component: RE

• Component Name: Real Estate Management

• Description: An object or parts of an object on the basis of which rooms or areas for example, apartments, warehouses, stores are rented. A building is part of a business entity.

Smart SAP Assistant

• Key Concepts: 
  Building is a term used in SAP Real Estate Management (RE-FX) to refer to a physical structure or group of structures that are managed as a single unit. This includes residential, commercial, and industrial buildings, as well as other types of structures such as garages and storage facilities. Buildings can be owned by an organization or leased from another party. 
  
  How to use it: 
  In SAP RE-FX, buildings are managed using the Building Master Data (BMD) application. This application allows users to enter information about the building, such as its address, size, and type. It also allows users to track the building’s occupancy rate, rental rate, and other financial information. 
  
  Tips & Tricks: 
  When entering data into the BMD application, it is important to be as accurate and detailed as possible. This will ensure that the data is accurate and up-to-date for reporting purposes. Additionally, it is important to keep track of any changes that occur in the building over time, such as renovations or changes in occupancy rate. 
  
  Related Information: 
  For more information on SAP RE-FX and Building Master Data, please refer to the SAP Help Portal or contact your local SAP representative.