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

SAP Term: rental object

• Component: RE

• Component Name: Real Estate Management

• Description: An object that is leased out as a single entity. Rental objects can be: Rental units unflexible objects that can only be leased out as a unit such as apartments and retail stores Pooled spaces flexible objects that can be leased out either as a whole or divided into rental spaces.They cannot be leased out in their own right. Rental spaces

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• Key Concepts: 
  Rental Object is a term used in SAP Real Estate Management (RE-FX) to refer to a physical object that is rented out to a tenant. This could include an apartment, office space, or any other type of real estate property. The rental object is used to track the rental agreement between the tenant and the landlord, including the rental rate, payment terms, and other details. 
  
  How to use it: 
  In SAP RE-FX, rental objects are created and managed in the Rental Object Master Data view. This view allows users to enter information about the rental object, such as its address, size, and rental rate. The rental object can then be linked to a contract in order to track payments and other details related to the rental agreement. 
  
  Tips & Tricks: 
  When creating a new rental object in SAP RE-FX, it is important to ensure that all relevant information is entered accurately. This includes the address of the property, its size, and any other details that may be relevant to the rental agreement. Additionally, it is important to ensure that all contracts associated with the rental object are up-to-date and accurate. 
  
  Related Information: 
  For more information on SAP RE-FX and how to use it, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on using SAP RE-FX for managing rental objects.