What is rent cap in SAP RE - Real Estate Management?

SAP Term: rent cap

• Component: RE

• Component Name: Real Estate Management

• Description: A definable upper limit for rent increases used for these rent adjustment procedures: Representative list of rents Comparative rent Free rent adjustment Sales-based rent adjustment

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• Key Concepts: 
  Rent Cap is a feature of SAP Real Estate Management (RE-FX) that allows users to set a maximum rent amount for a property. This feature helps to ensure that the rent amount does not exceed the predetermined limit. It also helps to prevent tenants from being overcharged for their rental payments. 
  
  How to use it: 
  To use the Rent Cap feature, users must first set up a rent cap in the system. This can be done by entering the maximum rent amount in the relevant field in the system. Once this is done, the system will automatically calculate the rent amount based on the rent cap and other factors such as market conditions and tenant preferences. 
  
  Tips & Tricks: 
  It is important to regularly review and update the rent cap in order to ensure that it is still relevant and up-to-date. Additionally, it is important to consider other factors such as market conditions and tenant preferences when setting a rent cap. 
  
  Related Information: 
  For more information about SAP Real Estate Management (RE-FX) and its features, please refer to the official SAP website or contact your local SAP representative.