What is regional location in SAP RE - Real Estate Management?

SAP Term: regional location

• Component: RE

• Component Name: Real Estate Management

• Description: A location parameter that can be assigned to a business entity. For certain rent adjustment procedures Switzerland and the Netherlands the regional location has a functional significance.

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• Key Concepts: 
  Regional location is a component of SAP's Real Estate Management (RE) module. It is used to store and manage information about the geographical locations of real estate assets. This includes information such as the address, city, state, and country of the asset. 
  
  How to use it: 
  In order to use regional location, users must first create a regional location record in the system. This record contains all of the necessary information about the asset's geographical location. Once the record is created, users can then use it to track and manage the asset's location. 
  
  Tips & Tricks: 
  When creating a regional location record, it is important to ensure that all of the necessary information is included. This includes not only the address, city, state, and country of the asset but also any additional information that may be relevant such as zip code or longitude/latitude coordinates. 
  
  Related Information: 
  Regional location is just one component of SAP's Real Estate Management module. Other components include lease management, contract management, and portfolio management. All of these components work together to provide a comprehensive solution for managing real estate assets.