Lease Payment Definition According to ASC 842
According to 842-10-30-5, At the commencement date, the lease payments shall consist of the following payments relating to the use of the underlying asset during the lease term:
Fixed payments, including in-substance fixed payments, less any lease incentives paid or payable to the lessee
Variable lease payments that depend on an index or a rate(such as the Consumer Price Index or a market interest rate), initially measured using the index or rate at the commencement date
The exercise price of an option to purchase the underlying asset if the lessee is reasonably certain to exercise that option (assessed considering the factors paragraph 842-10-55-26)
Payments for penalties for terminating the lease if the lease term (as determined in accordance with paragraph 842-10-30-1)reflects the lessee exercising an option to terminate the lease.
Fees paid by the lessee to the owners of a special-purpose entity for structuring the transaction. However, such fees shall not be included in the fair value of the underlying asset for purposes of applying paragraph 842-10-25-2(d)
For a lessee only, amounts probably of being owed by the lessee under residual value guarantee(see paragraph 842-10-55-34 through 55-36)