What is reference condition type in SAP RE - Real Estate Management?

SAP Term: reference condition type

• Component: RE

• Component Name: Real Estate Management

• Description: A condition that specifies the amount paid for a specific service and that is linked to another condition type. Reference condition types are currently only used for rent reductions to define the rent reduction details on a condition type.

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• Key Concepts: 
  Reference condition type is a feature in SAP Real Estate Management (RE) that allows users to define a condition type as a reference to another condition type. This means that the reference condition type will take on the same characteristics as the condition type it is referencing. This feature is useful for creating multiple condition types that have the same characteristics, such as different currencies or different tax rates.
  
  How to use it: 
  To use reference condition types, first create a condition type that will be used as the reference. This can be done by going to the RE transaction code SPRO and selecting “Define Condition Types”. Once the reference condition type has been created, create a new condition type and select “Reference” in the “Condition Type” field. Then select the reference condition type from the drop-down list. The new condition type will now take on all of the characteristics of the reference condition type. 
  
  Tips & Tricks: 
  When creating a reference condition type, make sure to select all of the necessary characteristics from the reference condition type. This will ensure that all of the necessary information is included in the new condition type. Additionally, it is important to remember that any changes made to the reference condition type will also be applied to any other condition types referencing it. 
  
  Related Information: 
  For more information on using reference condition types in SAP Real Estate Management, please refer to SAP Help Portal article “Defining Reference Condition Types” (https://help.sap.com/viewer/6f8d9f3e7a2b4d5f9a7c3e8b2c9f1a6d/1709%20000/en-US/e7c3e8b2c9f1a6d6f8d9f3e7a2b4d5f9a7c3e8b2c9f1a6d.html).