The subject of right to use is covered in Ind AS 17 Leases. The below example should make the concept clear -
An entity holds a property that it owns to earn rentals and for capital appreciation.
It enters into an agreement whereby it conveys to an independent third party in
return for payment of Rs1,000 per year the right to use the building for ten years.The arrangement is a lease—it is an agreement whereby the lessor (the entity) conveys to
the lessee (the independent third party) in return for payment or a series of payments
(payment of Rs 1,000 per year) the right to use an asset (the building) for an agreed
period of time (ten years).
From Lessor’s perspective
The property is an investment property. The measurement of the investment property is
outside the scope of Ind AS 17. The investment property is accounted for in accordance with Ind AS 40 Investment Property. However, the lease income is accounted for in accordance with Ind AS 17.
From Lessee’s perspective
The lease is accounted for in accordance with Ind AS 17. This is an operating lease and would need to be expensed in lessee's books.