What is garage rent in SAP RE - Real Estate Management?

SAP Term: garage rent

• Component: RE

• Component Name: Real Estate Management

• Description: A selective user-defined adjustment of conditions of selected lease-outs or rental units based on the rental of garages. These conditions can be: Absolute or relative for each area unit Absolute and independent of the area Absolute for each area unit using the specification of a new amount

Smart SAP Assistant

• Key Concepts: 
  Garage rent is a term used in SAP Real Estate Management (RE-FX) to refer to the rental of a garage or parking space. It is a type of rental agreement between a tenant and a landlord, where the tenant pays a fixed amount of money for the use of the garage or parking space. The tenant is responsible for any maintenance or repairs that may be necessary. 
  
  How to use it: 
  In SAP RE-FX, garage rent is managed through the Garage Rent Agreement (GRA) module. This module allows users to create and manage rental agreements for garages and parking spaces. The GRA module also allows users to track payments, manage invoices, and generate reports. 
  
  Tips & Tricks: 
  When creating a GRA in SAP RE-FX, it is important to ensure that all relevant information is included in the agreement. This includes the rental amount, payment terms, and any other conditions that may apply. Additionally, it is important to ensure that all parties involved in the agreement are aware of their responsibilities and obligations. 
  
  Related Information: 
  Garage rent is just one type of rental agreement that can be managed in SAP RE-FX. Other types of rental agreements include office space, retail space, and residential space. Additionally, SAP RE-FX provides tools for managing leases, contracts, and other real estate transactions.