Per IFRS 16.B9, to assess whether a contract conveys the right to control the use of an identified asset for a period of time, an entity shall assess whether, throughout the period of use, the customer has both of the following:

a) Physical possession of the asset and the right to direct how and for what purpose the asset is used
b) Legal ownership of the asset and the ability to transfer the asset to another party
c) The ability to purchase the asset at fair market value and the right to modify the asset
d) The ability to sell the asset during the period of use and the right to sublicense the use of the asset