What is part-inclusive rent in SAP RE - Real Estate Management?

SAP Term: part-inclusive rent

• Component: RE

• Component Name: Real Estate Management

• Description: Rental contract in which the rent includes part of the service charges, and this part of the services charges is not passed on to the tenant. The rest of the service charges are displayed and settled separately.

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• Key Concepts: 
  Part-inclusive rent is a type of rental agreement in SAP Real Estate Management (RE) that includes additional services or components in the rental fee. This type of agreement is often used for residential properties, where the tenant pays a single fee that covers rent and other services such as utilities, maintenance, and insurance. 
  
  How to use it: 
  In SAP RE, part-inclusive rent is set up as a separate contract type. When creating a new contract, the user can select “Part-inclusive rent” from the list of available contract types. The user then enters the details of the agreement, including the rental fee and any additional services or components that are included in the fee. 
  
  Tips & Tricks: 
  When setting up a part-inclusive rent agreement in SAP RE, it is important to ensure that all of the services or components that are included in the fee are accurately listed. This will help to ensure that all of the services are properly accounted for and billed correctly. 
  
  Related Information: 
  For more information on setting up part-inclusive rent agreements in SAP RE, please refer to the SAP Help documentation.