How To Fix 62721 - Rental agreement for an unlimited period excludes renewal option

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 721

• Message text: Rental agreement for an unlimited period excludes renewal option

What causes this issue?

A rental agreement for an unlimited period does not have a set term.
The rental agreement is ended only by a notice. This means that the
option for renewal on a rental agreement for an unlimited period is not
relevant.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Delete either the rental end field or the renewal option field.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62721 - Rental agreement for an unlimited period excludes renewal option ?

  The SAP error message 62721, which states "Rental agreement for an unlimited period excludes renewal option," typically occurs in the context of managing rental agreements within the SAP system, particularly in modules related to Real Estate Management (RE-FX).
  Cause:
  This error arises when you attempt to create or modify a rental agreement that is set to an unlimited duration, but you also try to include a renewal option. In SAP, a rental agreement that is defined as unlimited cannot have a renewal option because the concept of renewal implies a finite term that can be extended.
  Solution:
  To resolve this error, you have a couple of options:
  
  
  Remove the Renewal Option: If the rental agreement is intended to be unlimited, you should remove any renewal options from the agreement. This means you should not specify any renewal terms or conditions.
  
  
  Change the Agreement Duration: If you need a renewal option, consider changing the rental agreement from an unlimited duration to a fixed term. This way, you can define a specific period for the agreement and include the renewal option as needed.
  
  
  Review Configuration: If you believe that the configuration should allow for such combinations, you may need to review the settings in the SAP system or consult with your SAP administrator or functional consultant to ensure that the system is configured correctly for your business requirements.
  
  
  Related Information:
  
  Transaction Codes: You may encounter this error while using transaction codes related to rental agreements, such as RECN (Create Rental Agreement) or REOR (Change Rental Agreement).
  Documentation: Refer to SAP documentation or help files related to Real Estate Management for more detailed information on rental agreements and their configurations.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance on handling rental agreements.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Real Estate Management for further assistance.