Leasing Assignment

Explain following:
Q.1)define lease.What are its essential features,sinificance and limitations.
Q.2)what is finance lease?Discuss its features.
Q.3)Give a brief account of important of aspects of
  i)lease documentation
  ii)lease Agreement

Solve following problems from textbook,MY Khan
1)3.4(pg no 3.14)
2)4.1(pg no 4.2)
3)4.5(pg no 4.21)
4)4.6(pg no 4.22)