What is external condition category in SAP RE - Real Estate Management?

SAP Term: external condition category

• Component: RE

• Component Name: Real Estate Management

• Description: Similar condition types grouped in external condition categories. Categories include: Basic rent Heating expenses Operating costs The condition category controls: The compatibility of conditions The number of condition types that can or must appear on a lease-out at any one time

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• Key Concepts: 
  External condition category is a feature of SAP Real Estate Management (RE) that allows users to define and manage external conditions for a real estate object. External conditions are external factors that can affect the value of a real estate object, such as the local economy, zoning regulations, or environmental regulations. The external condition category feature allows users to define and manage these external conditions in order to better understand the value of their real estate investments.
  
  How to use it: 
  In order to use the external condition category feature, users must first define the external conditions they wish to track. This can be done by creating a new external condition category in the RE system and then adding the relevant external conditions to it. Once the external condition categories have been defined, users can then assign them to specific real estate objects in order to track their values over time.
  
  Tips & Tricks: 
  When defining external condition categories, it is important to ensure that all relevant external conditions are included. This will help ensure that users have an accurate understanding of the value of their real estate investments. Additionally, it is important to regularly review and update the external condition categories in order to keep up with any changes in the local economy or other external factors that may affect the value of a real estate object.
  
  Related Information: 
  For more information on using the external condition category feature in SAP Real Estate Management, please refer to the official SAP documentation or contact your local SAP representative.