Under IFRS 16, a lessee can elect an exception to apply the recognition requirements to short-term leases and low-value leases. For short-term leases, which are defined as leases with a term of 12 months or less, and low-value asset leases, a lessee has the option to not recognize a使用权 asset and lease liability on the balance sheet, instead opting to expense lease payments on a straight-line basis or another systematic and rational method over the lease term. This exception does not apply to subleases between related parties or leases with market value renewals, as these would generally be accounted for in accordance with the full model under IFRS 16.