What is multiple usage in SAP RE - Real Estate Management?

SAP Term: multiple usage

• Component: RE

• Component Name: Real Estate Management

• Description: A room or parking space that can be leased out at different times to different parties. Flexible space management has several different usage scenarios: Internal/external usage or lease-out Multiple usage Common usage, room or space that is made available to different parties at the same time, such as a restroom or a cafeteria

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• Key Concepts: 
  Multiple usage in SAP RE Real Estate Management is a feature that allows users to assign multiple uses to a single real estate object. This means that a single object can be used for multiple purposes, such as residential, commercial, and industrial. This feature allows users to maximize the use of their real estate assets and optimize their investments.
  
  How to use it: 
  To use multiple usage in SAP RE Real Estate Management, users must first create a master object for the real estate asset. This master object will contain all the necessary information about the asset, such as its location, size, and other relevant details. Once the master object is created, users can then assign multiple uses to it. This can be done by selecting the desired uses from a list of available options. 
  
  Tips & Tricks: 
  When assigning multiple uses to a single real estate object, it is important to consider the potential conflicts that may arise between different uses. For example, if an object is assigned both residential and industrial uses, there may be noise or pollution issues that need to be addressed. It is also important to consider the zoning regulations of the area in which the asset is located. 
  
  Related Information: 
  SAP RE Real Estate Management also offers other features that can help users manage their real estate assets more effectively. These include lease management, asset valuation, and portfolio management. Additionally, SAP RE Real Estate Management integrates with other SAP solutions such as SAP ERP and SAP S/4HANA to provide users with a comprehensive view of their real estate investments.