How equipment lease can be created without an Item creation

Summary:

There is requirement to create Equipment Leases in Oracle. As a prerequisite for Lease Accounting, we need to create atleast one generic Item to represent the Leased item to create equipment leases.

We had reached out to PTP team for this regarding Item creation, so that we can have assets created for Leases on the basis of Item number, however we have got to know that there are no Items available in system as it is not in scope for our client. 

Is there any other way we can create Equipment Leases as no Items are created for our client?