What is reikin in SAP RE - Real Estate Management?

SAP Term: reikin

• Component: RE

• Component Name: Real Estate Management

• Description: A fee remuneration in Japan paid to the landlord as a sign of appreciation for allowing the tenant to stay in the building. The fee is not refunded to the tenant at the expiration of the contract. The average reikin is equal to two months' rent.

Smart SAP Assistant

• Key Concepts: 
  Reikin is a Japanese term used in SAP Real Estate Management (RE) to refer to the total cost of a real estate transaction. It includes all costs associated with the purchase, sale, or lease of a property, such as taxes, fees, and commissions. Reikin is also known as the “total cost of ownership” or “total cost of acquisition”. 
  
  How to use it: 
  In SAP RE, reikin is used to calculate the total cost of a real estate transaction. This includes all costs associated with the purchase, sale, or lease of a property, such as taxes, fees, and commissions. Reikin can be used to compare different properties and determine which one is the most cost-effective option. 
  
  Tips & Tricks: 
  When calculating reikin, it is important to include all costs associated with the transaction. This includes not only taxes and fees but also any additional costs such as legal fees or commissions. It is also important to consider any potential future costs that may arise from the transaction. 
  
  Related Information: 
  For more information on reikin and how it is used in SAP RE, please refer to the SAP Help Portal or contact your local SAP representative.