What is periodic fee in SAP (RE - Real Estate Management)?

SAP Term: periodic fee

• Component: RE

• Component Name: Real Estate Management

• Description: The fee payable to the property manager at the end of a particular predefined period. Periodic fees include: Fixed rate per month Percentage share of the rent revenue per quarter

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• Key Concepts: 
  Periodic fee is a term used in SAP Real Estate Management (RE-FX) to refer to a fee that is charged on a regular basis, such as monthly or annually. This fee can be used to cover the costs of services provided by the landlord, such as maintenance, repairs, and utilities. 
  
  How to use it: 
  In SAP RE-FX, periodic fees are set up in the system by creating a periodic fee type. This type defines the frequency of the fee (e.g. monthly or annually), the amount of the fee, and any other relevant information. Once the periodic fee type is created, it can be assigned to a contract or lease agreement. The system will then automatically calculate and charge the periodic fee according to the parameters set up in the periodic fee type. 
  
  Tips & Tricks: 
  When setting up a periodic fee type in SAP RE-FX, it is important to ensure that all relevant information is included in order for the system to accurately calculate and charge the fee. Additionally, it is important to ensure that all contracts and lease agreements that are subject to a periodic fee are assigned the correct periodic fee type. 
  
  Related Information: 
  For more information on setting up and using periodic fees in SAP RE-FX, please refer to the SAP Help Portal documentation on Periodic Fees (https://help.sap.com/viewer/product/SAP_REFX/latest/en-US/f9f8d7a2b3c14f8a9d7c3e6b2f5d6a1b.html).