How to use FOV1 - Create Lease-Out

SAP Transaction Code - Details

• Transaction Code: FOV1

  Description: Create Lease-Out

  Release: S/4HANA and ECC 6

• • Program: SAPLFV7V

    Screen: 1

    Authorization Object: FI_MIE_BUK

  • Development Package: FVVI

    Package Description: R/3 appl.dev. for Financial Assets Management: Real estate

    Parent Package: APPL

  • Module/Component: RE

    Description: Real Estate Management

Smart SAP Assistant

• SAP Tcode: FOV1 - Create Lease-Out

   Contract
  
  Overview:
  The SAP transaction code FOV1 is used to create a lease-out contract. This contract is used to document the leasing of an asset from one party to another. It is important to note that this transaction code is only available in the SAP ERP system. 
  
  Functionality: 
  The FOV1 transaction code allows users to create a lease-out contract for an asset. This contract will include all the necessary information about the asset, such as its description, value, and terms of the lease. The contract can also be used to track payments and other details related to the lease. 
  
  Step-by-step How to Use: 
  To use the FOV1 transaction code, users must first enter the asset information into the system. This includes the description, value, and terms of the lease. Once this information is entered, users can then create a lease-out contract by selecting the “Create Lease-Out Contract” option from the menu. The contract will then be generated and can be printed or emailed to both parties involved in the lease. 
  
  Other Recommendations: 
  It is important to note that users should always review and double-check all information entered into the system before creating a lease-out contract. This will ensure that all details are accurate and up-to-date. Additionally, users should also make sure that both parties involved in the lease have read and agreed to all terms of the contract before it is finalized.