What is condition type in SAP RE - Real Estate Management?

SAP Term: condition type

• Component: RE

• Component Name: Real Estate Management

• Description: An exact definition of a condition that specifies the amount paid for a specific service. Condition types include: Basic rent Advance payment for operating costs Pest control

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• Key Concepts: 
  Condition type is a feature of SAP Real Estate Management (RE) that allows users to define different types of conditions for a contract. This includes conditions such as rental rates, payment terms, and other contractual obligations. The condition type is used to determine the pricing and payment terms for a contract. 
  
  How to use it: 
  In order to use condition type in SAP RE, users must first create a condition type in the system. This can be done by navigating to the “Condition Types” tab in the RE menu and selecting “Create Condition Type”. From there, users can enter the details of the condition type, such as the name, description, and pricing information. Once the condition type is created, it can be assigned to contracts in order to determine their pricing and payment terms. 
  
  Tips & Tricks: 
  When creating a condition type in SAP RE, it is important to ensure that all of the necessary information is entered correctly. This includes entering the correct pricing information and payment terms. Additionally, it is important to ensure that all of the conditions are consistent with each other in order to avoid any discrepancies or confusion when assigning them to contracts. 
  
  Related Information: 
  For more information on condition types in SAP RE, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_RE/8.0/en-US/f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9f3d7f9a2b6c14e8a9