According to the prescriptions of the International Accounting Standards (IAS) in his No. 17 and IAS 17 as is usually called, establishes the definition of lease as follows: " lease is an agreement whereby the lessor conveys to the lessee in return for payment of a lump sum of money, or series of payments or contributions, the right to use an asset for a period of time " (1) .
Leasing is basically a temporary use rights in an asset, be it movable or immovable property, the entity that gives this well is called the landlord and who receives a temporary basis to use it tenant calls, this operation is so lucrative because the tenant is obliged to cancel the landlord a sum of money either in a lump sum or in several consecutive payments established over time, this agreement or contract has a specific time and at the end of several events may occur depending on the type of tenancy which will detail later.
(1) International Accounting Standards (01-2006) International Accounting Standard No. 17 (IAS 17) [Online Document], Available: http://www .normasinternacionalesdecontabilidad.es/nic/pdf/NIC17.pdf [See: 2010, September 1925]
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