How To Fix 60054 - First create index-based rent model &

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 054

• Message text: First create index-based rent model &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 60054 - First create index-based rent model & ?

  The SAP error message "60054 First create index-based rent model" typically occurs in the context of SAP Real Estate Management (RE-FX) when you are trying to perform an operation that requires an index-based rent model, but such a model has not been created or is not properly configured.
  Cause:
  
  Missing Index-Based Rent Model: The primary cause of this error is that the system does not have an index-based rent model defined for the specific contract or object you are working with.
  Incorrect Configuration: The rent model may exist, but it might not be correctly configured or linked to the relevant contract.
  Transaction Context: The operation you are trying to perform may specifically require an index-based rent model, which is not applicable to the current context.
  
  Solution:
  
  
  Create an Index-Based Rent Model:
  
  Navigate to the relevant transaction in SAP (usually in the RE-FX module).
  Go to the configuration settings for rent models.
  Create a new index-based rent model by specifying the necessary parameters (e.g., index type, base rent, etc.).
  Ensure that the model is saved and activated.
  
  
  
  Assign the Rent Model:
  
  Once the index-based rent model is created, ensure that it is assigned to the relevant lease contract or object.
  Check the contract details to confirm that the correct rent model is linked.
  
  
  
  Check Configuration:
  
  Review the configuration settings for the RE-FX module to ensure that all necessary settings for index-based rent models are correctly defined.
  Consult the SAP documentation or your system administrator for specific configuration steps.
  
  
  
  Testing:
  
  After creating and assigning the rent model, try to perform the operation again to see if the error persists.
  
  
  
  Related Information:
  
  SAP Documentation: Refer to the official SAP Help Portal for detailed documentation on Real Estate Management and index-based rent models.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as RECN (Contract Management) or REIS (Index-Based Rent) that may be useful in managing rent models.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the error message and successfully create and manage index-based rent models in SAP.