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

SAP Term: minimum rent

• Component: RE

• Component Name: Real Estate Management

• Description: Sales-based rent settlement Part of a sales rule that specifies a minimum amount to be paid, even if the sales reported are below this amount.

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• Key Concepts: 
  Minimum rent is a term used in SAP Real Estate Management (RE-FX) to refer to the minimum amount of rent that a tenant must pay for a property. This amount is usually set by the landlord and is based on the market value of the property. The minimum rent is typically used as a benchmark for setting rental rates for tenants. 
  
  How to use it: 
  In SAP RE-FX, minimum rent can be set up in the system by entering the minimum rent amount in the “Minimum Rent” field. This field can be found in the “Rental Agreement” tab of the “Property” screen. Once the minimum rent has been entered, it will be used as a reference when setting rental rates for tenants. 
  
  Tips & Tricks: 
  When setting up minimum rent in SAP RE-FX, it is important to ensure that the amount entered is accurate and up-to-date. This will help ensure that rental rates are set correctly and that tenants are not overcharged. 
  
  Related Information: 
  For more information on setting up minimum rent in SAP RE-FX, please refer to the SAP Help documentation. Additionally, there are several online resources available that provide detailed instructions on how to set up minimum rent in SAP RE-FX.