What is tenancy law in SAP RE - Real Estate Management?

SAP Term: tenancy law

• Component: RE

• Component Name: Real Estate Management

• Description: A country-specific law that determines the rental process. Tenancy law influences the following: Service charge settlements Rent adjustments Periods of notice Other processes for the given country

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• Key Concepts: 
  Tenancy law is a set of legal regulations that govern the relationship between landlords and tenants. It covers topics such as rent, security deposits, repairs, eviction, and more. In SAP Real Estate Management (RE-FX), tenancy law is used to define the legal framework for rental contracts. 
  
  How to use it: 
  In SAP RE-FX, tenancy law is used to define the legal framework for rental contracts. This includes setting up the contract terms, such as rent amount, duration of the contract, and other details. The tenancy law also defines the rights and obligations of both parties in the contract. 
  
  Tips & Tricks: 
  When setting up a rental contract in SAP RE-FX, it is important to ensure that all relevant tenancy laws are taken into account. This will help ensure that both parties are protected and that all legal requirements are met. 
  
  Related Information: 
  For more information on tenancy law and how it applies to SAP RE-FX, please refer to the official SAP documentation.