How To Fix FILA_RE_UI_MESS062 - Final due date contract &1: Fair market value is required

SAP Error Message - Details

• Message type: E = Error

• Message class: FILA_RE_UI_MESS - Messages for User Interface

• Message number: 062

• Message text: Final due date contract &1: Fair market value is required

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FILA_RE_UI_MESS062 - Final due date contract &1: Fair market value is required ?

  The SAP error message FILA_RE_UI_MESS062 typically occurs in the context of Real Estate Management (RE) when dealing with contracts that require a fair market value (FMV) to be specified. This error indicates that the system expects a fair market value to be provided for a final due date contract, but it is missing or not properly defined.
  Cause:
  
  Missing Fair Market Value: The most common cause of this error is that the fair market value has not been entered for the contract in question.
  Incorrect Configuration: There may be issues with the configuration settings in the SAP system that affect how fair market values are handled.
  Data Entry Errors: There could be mistakes in data entry, such as incorrect contract types or missing mandatory fields.
  
  Solution:
  
  
  Enter Fair Market Value:
  
  Navigate to the contract in question within the SAP Real Estate Management module.
  Check the relevant fields for the fair market value and ensure that it is filled in correctly.
  Save the changes and try to process the contract again.
  
  
  
  Review Contract Type:
  
  Ensure that the contract type you are using requires a fair market value. Some contract types may not need this information.
  If necessary, change the contract type to one that aligns with your requirements.
  
  
  
  Check Configuration Settings:
  
  Consult with your SAP administrator or a functional consultant to review the configuration settings related to fair market values in the Real Estate Management module.
  Ensure that all necessary settings are correctly configured to allow for the entry and processing of fair market values.
  
  
  
  Data Validation:
  
  Validate all related data entries to ensure that there are no other missing or incorrect fields that could be causing the error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on handling fair market values in contracts.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing contracts, such as RECN (Contract Management) or REIS (Real Estate Information System).
  SAP Notes: Check for any SAP Notes related to this error message for potential patches or updates that may address the issue.
  User Roles and Authorizations: Ensure that the user has the necessary roles and authorizations to enter and modify fair market values in the system.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or your internal IT team for further troubleshooting.