What is rental collateral in SAP RE - Real Estate Management?

SAP Term: rental collateral

• Component: RE

• Component Name: Real Estate Management

• Description: A fixed payment contractually agreed upon between landlord and tenant. The rental collateral serves the purpose of safeguarding the landlord in the event that the tenant does not honor his or her obligations arising out of the lease-out. The rental collateral can be defined in the lease-out in different ways, such as: Savings account Guarantee of payment Cash deposit

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• Key Concepts: 
  Rental collateral is a feature of SAP Real Estate Management (RE-FX) that allows customers to manage rental contracts and associated collateral. It enables customers to track and manage rental contracts, deposits, and other related documents. The feature also allows customers to monitor the status of rental contracts and associated collateral, as well as to generate reports on rental contracts and associated collateral. 
  
  How to use it: 
  To use the rental collateral feature in SAP RE-FX, customers must first create a rental contract. This can be done by entering the details of the contract, such as the tenant, the property, the duration of the contract, and any other relevant information. Once the contract is created, customers can then add any associated collateral to the contract. This can include deposits, guarantees, or other documents that are required for the contract. 
  
  Tips & Tricks: 
  When creating a rental contract in SAP RE-FX, it is important to ensure that all relevant information is entered accurately. This will ensure that all associated collateral is tracked correctly and that reports can be generated accurately. Additionally, it is important to regularly review rental contracts and associated collateral to ensure that they are up-to-date and accurate. 
  
  Related Information: 
  For more information on SAP RE-FX and its features, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP RE-FX effectively.