How To Fix 62906 - No partner was created as a bank for rent deposit

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 906

• Message text: No partner was created as a bank for rent deposit

What causes this issue?

Rental agreements with a rent deposit agreement must be assigned a bank
for deposit of the rent deposit. This is arranged in the partner
management. The corresponding role is selected and then the bank is
specified as a partner. One exception is the cash deposit. Since these
amounts are managed personally, a partner bank is not needed.

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?

In the partner management create a bank as partner to act as place of
deposit for the rent deposit (rent collateral).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62906 - No partner was created as a bank for rent deposit ?

  The SAP error message 62906, which states "No partner was created as a bank for rent deposit," typically occurs in the context of managing rental agreements or lease contracts within the SAP system, particularly in the Real Estate Management (RE-FX) module. This error indicates that the system could not find a designated bank partner for processing a rent deposit.
  Causes:
  
  Missing Bank Partner Configuration: The most common cause is that the bank partner has not been set up in the system for the specific rental agreement or property.
  Incorrect Master Data: The master data for the property or tenant may be incomplete or incorrectly configured, leading to the absence of a bank partner.
  Data Inconsistencies: There may be inconsistencies in the data related to the rental agreement, such as missing or incorrect entries in the partner functions.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to view or create bank partners.
  
  Solutions:
  
  
  Check Bank Partner Configuration:
  
  Navigate to the relevant configuration settings in SAP and ensure that a bank partner is defined for the property or rental agreement in question.
  Use transaction codes like BP (Business Partner) to check if the bank partner is correctly set up.
  
  
  
  Review Master Data:
  
  Verify the master data for the property and tenant. Ensure that all necessary fields are filled out correctly, especially those related to financial transactions.
  Check the partner functions assigned to the business partner to ensure that a bank partner is included.
  
  
  
  Create or Update Bank Partner:
  
  If a bank partner does not exist, create one using the appropriate transaction code (e.g., BP for Business Partner).
  Ensure that the bank details are correctly entered, including bank account number, bank key, and other relevant information.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to create or view bank partners. If not, contact your SAP security administrator to grant the required permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on managing bank partners in the RE-FX module.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as BP (Business Partner), RECN (Real Estate Contract), and REIS (Real Estate Information System).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional insights or solutions.
  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.
  
  By following these steps, you should be able to resolve the error message 62906 and ensure that a bank partner is correctly set up for rent deposits in your SAP system.