What is excessive rent limit in SAP RE - Real Estate Management?

SAP Term: excessive rent limit

• Component: RE

• Component Name: Real Estate Management

• Description: The maximum amount expressed in a percentage value by which the rent of a new rental can exceed the local rent.

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• Key Concepts: 
  Excessive rent limit is a feature of SAP Real Estate Management (RE-FX) that allows users to set a maximum rent limit for a property. This limit is used to ensure that the rent for a property does not exceed a certain amount. The excessive rent limit can be set by the user and is based on the market value of the property. 
  
  How to use it: 
  To use the excessive rent limit feature, users must first set up the maximum rent limit in the system. This can be done by entering the market value of the property into the system. Once this is done, the system will automatically calculate the maximum rent limit for the property. The user can then adjust this limit as needed. 
  
  Tips & Tricks: 
  When setting up an excessive rent limit, it is important to ensure that it is set at an appropriate level. This will help to ensure that the rent for a property does not exceed what is reasonable for its market value. Additionally, it is important to regularly review and adjust the excessive rent limit as needed in order to keep up with changes in market values. 
  
  Related Information: 
  For more information on SAP Real Estate Management (RE-FX) and its features, please refer to SAP's official documentation or contact your local SAP representative.