How To Fix REXCSK027 - No appraised price of land defined for property type &

SAP Error Message - Details

• Message type: E = Error

• Message class: REXCSK - Localzation SK

• Message number: 027

• Message text: No appraised price of land defined for property type &

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message REXCSK027 - No appraised price of land defined for property type & ?

  The SAP error message REXCSK027 indicates that there is no appraised price defined for a specific property type in the system. This error typically occurs in the context of real estate management or asset accounting when trying to process transactions related to properties.
  Cause:
  The error is caused by the absence of an appraised price for the specified property type in the configuration settings. This can happen if:
  
  The property type has not been properly set up in the system.
  The appraised price has not been defined for the property type in the relevant valuation area.
  There may be missing or incomplete data in the master data for the property.
  
  Solution:
  To resolve the REXCSK027 error, you can take the following steps:
  
  
  Check Property Type Configuration:
  
  Navigate to the configuration settings for property types in SAP.
  Ensure that the property type in question is correctly defined and active.
  
  
  
  Define Appraised Price:
  
  Go to the relevant transaction or configuration area where appraised prices are maintained (e.g., transaction code ORE1 or similar).
  Define the appraised price for the property type that is causing the error. Make sure to enter the correct valuation area and other relevant details.
  
  
  
  Review Master Data:
  
  Check the master data for the property in question to ensure that all necessary fields are filled out correctly.
  Ensure that the property is assigned to the correct property type and that all relevant information is complete.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific instructions on how to set up appraised prices for property types.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as ORE1 (for defining appraised prices) and ORE2 (for property type configuration).
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address the issue.
  User Roles: Ensure that you have the necessary authorizations to make changes to property type configurations and appraised prices.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in real estate management within SAP.