How To Fix RE_IT003 - Objects have no option rates

SAP Error Message - Details

• Message type: E = Error

• Message class: RE_IT - Real Estate Input Tax

• Message number: 003

• Message text: Objects have no option rates

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RE_IT003 - Objects have no option rates ?

  The SAP error message "RE_IT003 Objects have no option rates" typically occurs in the context of Real Estate Management (RE) when dealing with rental agreements or contracts that involve option rates for various objects (like properties or spaces). This error indicates that the system cannot find the necessary option rates for the specified objects, which are required for processing transactions related to rental agreements.
  Cause:
  
  Missing Option Rates: The primary cause of this error is that the option rates for the specified objects have not been defined in the system.
  Incorrect Configuration: There may be a configuration issue in the Real Estate Management module where the option rates are not properly set up.
  Data Inconsistency: There could be inconsistencies in the master data related to the objects, such as missing or incorrect entries in the relevant tables.
  Object Not Active: The object for which the option rates are being queried may not be active or may have been archived.
  
  Solution:
  
  
  Define Option Rates: 
  
  Navigate to the configuration settings for Real Estate Management and ensure that option rates are defined for the relevant objects. This can typically be done in the customizing settings under the Real Estate Management module.
  You may need to create or update the option rates for the specific rental agreements or contracts.
  
  
  
  Check Object Status: 
  
  Verify that the objects in question are active and not archived. You can check the status of the objects in the master data records.
  
  
  
  Review Master Data: 
  
  Ensure that all necessary master data for the objects is complete and accurate. This includes checking for any missing entries or inconsistencies in the relevant tables.
  
  
  
  Consult Documentation: 
  
  Refer to SAP documentation or help resources for specific guidance on setting up option rates in your version of SAP.
  
  
  
  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 who specializes in Real Estate Management.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing Real Estate objects, such as RECN (Real Estate Contract Management) or REIS (Real Estate Information System).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address known issues.
  Training and Documentation: Consider training sessions or documentation on Real Estate Management to better understand how option rates and related configurations work within SAP.
  
  By following these steps, you should be able to resolve the "RE_IT003 Objects have no option rates" error and ensure that your Real Estate Management processes function smoothly.