What is size class in SAP RE - Real Estate Management?

SAP Term: size class

• Component: RE

• Component Name: Real Estate Management

• Description: Part of the representative list of rents. The size class is used when adjusting rent based on a representative list of rents. Most representative lists of rents define certain values such as, base rent per square meter dependent on the size of the rental object. These values are entered in value tables of the representative list of rents by size class. For each size class, the representative list of rents contains specifications for the size of object from and to which it is applicable.

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• Key Concepts: 
  Size class is a feature of SAP Real Estate Management (RE) that allows users to classify real estate objects according to their size. This classification is based on the area of the object, and can be used to group objects into categories such as small, medium, and large. This feature is useful for analyzing and managing real estate portfolios. 
  
  How to use it: 
  In order to use size class in SAP RE, users must first define the size classes they wish to use. This can be done by entering the minimum and maximum area values for each size class. Once the size classes have been defined, users can assign them to real estate objects in the system. 
  
  Tips & Tricks: 
  When defining size classes, it is important to consider how they will be used in the system. For example, if size classes are being used for reporting purposes, it may be beneficial to create more granular categories such as “very small” or “extra large”. 
  
  Related Information: 
  Size class is just one of many features available in SAP RE. Other features include lease management, contract management, and financial planning. For more information about these features, please refer to the SAP RE documentation.