As per the research conducted by me, below mentioned are some facts which should be considered while making any decision regarding the lease. As per the lease exposure draft 2010, lease is defined as a contract in which right to use any asset is actually further conveyed and this is done for some particular period of time and is done on behalf of some consideration as well. As per the board, the contract as a matter of fact carries down the fulfillment of both the parties and it is then only said to be complete when ...