What is representative list of rents label in SAP RE - Real Estate Management?

SAP Term: representative list of rents label

• Component: RE

• Component Name: Real Estate Management

• Description: A structure element of a representative list of rents. When there is a rent adjustment according to the representative list of rents, the rental unit is grouped under a specific label in the representative list of rents in accordance with the building age, size, location, and fixtures and fittings. Every label has three amounts below value, average value, top value that are used to reflect the rent price range. &EXAMPLE& Building age: 1974, Size: 800 square feet, Location: good, Fixtures and Fittings: high quality Together these characteristics are assigned to a representative list of rents label with a spread from: Below value: XX, Average value: YY, Top value: ZZ When you assess the rental object, you only have to assign this label to it.

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• Key Concepts: 
  The representative list of rents label is a feature of SAP Real Estate Management (RE) that allows users to create a list of rent values for a particular property. This list can be used to compare the current rent value of the property with the market rate and to determine if the rent should be adjusted. The list can also be used to track changes in rent values over time. 
  
  How to use it: 
  To create a representative list of rents label, users must first enter the relevant data into the system. This includes the property address, current rent value, and market rate. Once this information is entered, users can then create a list of rent values for the property. This list can be used to compare the current rent value with the market rate and to track changes in rent values over time. 
  
  Tips & Tricks: 
  When creating a representative list of rents label, it is important to ensure that all relevant data is entered accurately. This will ensure that the list is accurate and up-to-date. Additionally, it is important to regularly review and update the list as market conditions change. 
  
  Related Information: 
  For more information on SAP Real Estate Management (RE), please visit https://www.sap.com/products/real-estate-management.html