term value reference rent help what is
Meaning of rent reference value. What is it: list of rents, and are dependent on the construction.

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Definition rent reference value

RENT REFERENCE VALUE title: rent reference value (RE) (SAP Library - Glossary)
RENT REFERENCE VALUE category: Real Estate Management (RE)
RENT REFERENCE VALUE explained:

Rent reference spreads are entered in the representative list of rents, and are dependent on the construction year of the rental object. Accordingly, rent reference values are values that are derived from the age of the building. They are used for rent adjustment based on a representative list of rents.

Example 1:

Construction year: 1912 - 1948 Rent reference spread in EUR/square meter: 5.25 - 5.65 Rent reference value used for the calculation in EUR/square meter: 5.50

Example 2:

Construction year: 1948 - 1974 Rent reference spread in EUR/square meter: 5.65 - 6.05 Rent reference value used for the calculation in EUR/square meter: 5.85

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