How to use FOVV - Lease-out renewal

SAP Transaction Code - Details

• Transaction Code: FOVV

  Description: Lease-out renewal

  Release: S/4HANA and ECC 6

• • Program: RFVIMVVL

    Screen: 1000

    Authorization Object:

  • 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: FOVV - Lease-out renewal

  
  Overview:
  The SAP transaction code FOVV is used to renew a lease-out agreement. This code is used to extend the duration of a lease-out agreement, allowing the lessee to continue using the leased asset for an additional period of time. 
  
  Functionality: 
  The FOVV transaction code allows users to extend the duration of a lease-out agreement. This code can be used to renew an existing lease-out agreement, or to create a new one. The code also allows users to view and edit existing lease-out agreements, as well as create new ones. 
  
  Step-by-step How to Use: 
  1. Enter the FOVV transaction code in the SAP system. 
  2. Select the “Lease-Out Renewal” option from the menu. 
  3. Enter the details of the lease-out agreement that you wish to renew or create a new one. 
  4. Enter the start and end dates of the lease-out agreement. 
  5. Enter any additional information that is required for the renewal or creation of the lease-out agreement. 
  6. Confirm your entries and save them in the system. 
  
  Other Recommendations: 
  It is important to ensure that all details entered into the system are accurate and up-to-date before confirming and saving them in the system. Additionally, it is recommended that users review any existing lease-out agreements before creating a new one, as this will help ensure that all details are correct and up-to-date.