What is settlement unit in SAP RE - Real Estate Management?

SAP Term: settlement unit

• Component: RE

• Component Name: Real Estate Management

• Description: The type of settlement used for service charge settlements. The settlement unit defines the: Settlement period settlement periods/variants Type of service charges for example, hot water supply Apportionment factors for example, hot water consumption in m3 Participating rental units

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• Key Concepts: 
  A settlement unit is a unit of measure used in Real Estate Management (RE) within SAP. It is used to define the size of a real estate object, such as an apartment or office space. The settlement unit is also used to calculate the rental costs for a given property. 
  
  How to use it: 
  In order to use the settlement unit, you must first define it in the system. This can be done by entering the size of the property in square meters or square feet. Once this is done, you can then assign a settlement unit to each real estate object. This will allow you to calculate the rental costs for each property based on its size. 
  
  Tips & Tricks: 
  When defining the settlement unit, it is important to ensure that it is accurate and up-to-date. This will ensure that the rental costs are calculated correctly and that all properties are being charged correctly. 
  
  Related Information: 
  The settlement unit is closely related to other concepts in Real Estate Management, such as rental costs and occupancy rates. It is important to understand how these concepts interact with each other in order to effectively manage a real estate portfolio.