What is condition in SAP RE - Real Estate Management?

SAP Term: condition

• Component: RE

• Component Name: Real Estate Management

• Description: The terms of payment agreed with the contractual partner for the payment of regular payments for the use of the object of the contract, which contain the following information: The amount to be paid and possibly how it was calculated The payment frequency The due dates

Smart SAP Assistant

• Key Concepts: 
  Condition is a feature in SAP Real Estate Management (RE-FX) that allows users to define and manage conditions for rental contracts. It enables users to define conditions for rental contracts, such as rent, duration, payment terms, and other conditions. The condition feature also allows users to track changes in conditions over time. 
  
  How to use it: 
  To use the condition feature in SAP RE-FX, users must first create a condition type. This is done by entering the condition type name and description, as well as the condition type category. Once the condition type is created, users can then create a condition record for each rental contract. This record contains all of the details of the contract, such as the rent amount, duration, payment terms, and other conditions. 
  
  Tips & Tricks: 
  When creating a condition record for a rental contract, it is important to ensure that all of the details are accurate and up-to-date. This will help ensure that all of the conditions are properly tracked and managed over time. Additionally, it is important to keep track of any changes in conditions over time so that they can be accurately reflected in the system. 
  
  Related Information: 
  For more information on using the condition feature in SAP RE-FX, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are several online resources available that provide detailed tutorials and best practices for using this feature.