What is fixtures and fittings category in SAP RE - Real Estate Management?

SAP Term: fixtures and fittings category

• Component: RE

• Component Name: Real Estate Management

• Description: Categorization of amenities and components of a rental object for the representative list of rents In representative lists of rents, specific values reductions and surcharges that play a role in the calculation of rent are dependent on the fixtures and fittings category of the rental object. To this end, the fixtures and fittings are assessed and placed in one of three categories: Good Medium Poor Normally the representative list of rents contains a text that defines the minimum criteria that have to be met before a given fixtures and fittings category can be assigned.

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• Key Concepts: 
  Fixtures and fittings category is a component of SAP Real Estate Management (RE-FX) that allows users to classify and manage the various types of fixtures and fittings in a property. This includes items such as furniture, appliances, and other items that are not part of the building structure. The category also allows users to track the cost of these items, as well as their depreciation over time. 
  
  How to use it: 
  In order to use the fixtures and fittings category, users must first create a master data record for each item. This record should include information such as the item's name, description, cost, and depreciation rate. Once this is done, users can then assign each item to a specific category. This will allow them to easily track and manage the items in their portfolio. 
  
  Tips & Tricks: 
  When creating master data records for fixtures and fittings, it is important to include as much detail as possible. This will help ensure that all relevant information is tracked and managed properly. Additionally, it is important to regularly review the depreciation rates for each item in order to ensure that they are up-to-date. 
  
  Related Information: 
  The fixtures and fittings category is just one component of SAP Real Estate Management (RE-FX). Other components include lease management, asset management, and portfolio management. For more information on these components, please refer to the SAP documentation or contact your local SAP representative.