What is cash deposit in SAP RE - Real Estate Management?

SAP Term: cash deposit

• Component: RE

• Component Name: Real Estate Management

• Description: A type of rental collateral that is paid directly to the landlord. Interest is paid on cash deposits throughout the term of the lease-out.

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• Key Concepts: 
  Cash deposit is a feature of SAP Real Estate Management (RE) that allows tenants to make payments to their landlords. It is a secure way to transfer money from the tenant to the landlord, and it can be used for rent payments, security deposits, and other payments related to the rental agreement. 
  
  How to use it: 
  In order to use cash deposit, the tenant must first set up an account with SAP RE. Once the account is set up, the tenant can make payments directly from their bank account or credit card. The payment will be securely transferred to the landlord's account. 
  
  Tips & Tricks: 
  When setting up an account with SAP RE, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that payments are processed quickly and securely. Additionally, it is important to keep track of all payments made through cash deposit in order to ensure that all payments are accounted for. 
  
  Related Information: 
  For more information about cash deposit in SAP RE, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use cash deposit in SAP RE.