How To Fix 60523 - No current basic rent exists for comparative apartment

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 523

• Message text: No current basic rent exists for comparative apartment

What causes this issue?

The comparative apartment does not have an active rental agreement with
a basic rent amount.

System Response

The apartment cannot be included when the rent for a comparative group
of apartments is calculated.

How to fix this error?

If necessary, create a rental agreement for the rental unit that
contains the condition type used as the basic rent.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 60523 - No current basic rent exists for comparative apartment ?

  The SAP error message 60523, "No current basic rent exists for comparative apartment," typically occurs in the context of SAP Real Estate Management (RE-FX) when trying to access or process information related to comparative apartments or rental agreements. This error indicates that the system cannot find a valid basic rent record for the specified comparative apartment.
  Cause:
  
  Missing Basic Rent Data: The comparative apartment may not have any basic rent data defined in the system.
  Incorrect Configuration: The configuration for the comparative apartment may not be set up correctly, leading to the absence of basic rent information.
  Data Inconsistency: There may be inconsistencies or missing entries in the database related to the comparative apartment.
  Time Period Issues: The basic rent may not be valid for the time period being queried, meaning it could be expired or not yet effective.
  
  Solution:
  
  
  Check Basic Rent Records: Verify that the comparative apartment has valid basic rent records. You can do this by navigating to the relevant transaction in SAP and checking the rental agreements or basic rent data for the apartment.
  
  
  Create or Update Basic Rent: If no basic rent exists, you may need to create a new basic rent record for the comparative apartment. Ensure that the effective dates are set correctly.
  
  
  Review Configuration: Check the configuration settings for the comparative apartment to ensure that all necessary parameters are correctly defined.
  
  
  Check Time Period: Ensure that you are querying the correct time period. If the basic rent is time-sensitive, make sure you are looking at the correct dates.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on managing basic rent records in the RE-FX module.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP RE-FX, such as RECN (for managing contracts) or REIS (for managing real estate information).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Permissions: Ensure that the user has the necessary permissions to view and edit basic rent records.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.