What is rent reference value in SAP RE - Real Estate Management?

SAP Term: rent reference value

• Component: RE

• Component Name: Real Estate Management

• Description: Rent reference spreads are entered in the representative list of rents, and are dependent on the construction year of the rental object. Accordingly, rent reference values are values that are derived from the age of the building. They are used for rent adjustment based on a representative list of rents. Example 1: Construction year: 1912 - 1948 Rent reference spread in EUR/square meter: 5.25 - 5.65 Rent reference value used for the calculation in EUR/square meter: 5.50 Example 2: Construction year: 1948 - 1974 Rent reference spread in EUR/square meter: 5.65 - 6.05 Rent reference value used for the calculation in EUR/square meter: 5.85

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• Key Concepts: 
  Rent reference value is a term used in SAP Real Estate Management (RE-FX) to refer to the amount of rent that is used as a reference for calculating the rent increase. It is based on the current market value of the property and is used to determine the amount of rent that should be charged for a particular property. 
  
  How to use it: 
  In SAP RE-FX, the rent reference value is used to calculate the rent increase for a particular property. The rent reference value is based on the current market value of the property and is used to determine the amount of rent that should be charged for a particular property. The rent reference value can be adjusted by the user in order to reflect changes in market conditions. 
  
  Tips & Tricks: 
  When adjusting the rent reference value, it is important to consider factors such as inflation, market trends, and other economic factors that may affect the rental rate. Additionally, it is important to ensure that the rent reference value is updated regularly in order to ensure accuracy. 
  
  Related Information: 
  For more information on SAP RE-FX and how to use the rent reference value, please refer to SAP's official documentation on Real Estate Management. Additionally, there are many online resources available that provide detailed information on how to use SAP RE-FX and its features.