What is reduction in SAP RE - Real Estate Management?

SAP Term: reduction

• Component: RE

• Component Name: Real Estate Management

• Description: Fixtrues and fittings characteristic of the rental object that leads to a lowering of rent when rent is adjusted using representative list of rents. Reductions are grouped into reduction categories.

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• Key Concepts: 
  Reduction in SAP RE is a feature that allows users to reduce the amount of rent due for a certain period of time. This feature is used when tenants are unable to pay their full rent due to financial hardship or other circumstances. The reduction amount is calculated based on the tenant's current financial situation and the landlord's agreement. 
  
  How to use it: 
  To use the reduction feature in SAP RE, the user must first enter the tenant's information into the system. This includes their name, address, and other relevant information. Once this is done, the user can then enter the amount of rent reduction they wish to apply. The system will then calculate the amount of reduction based on the tenant's current financial situation and the landlord's agreement. 
  
  Tips & Tricks: 
  When using the reduction feature in SAP RE, it is important to ensure that all relevant information is entered accurately. This includes the tenant's name, address, and other relevant information. Additionally, it is important to ensure that the amount of reduction applied is appropriate for the tenant's current financial situation and the landlord's agreement. 
  
  Related Information: 
  For more information about using the reduction feature in SAP RE, please refer to SAP's official documentation on Real Estate Management. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.