The owners lease space for a restaurant that provides home-style dinners three days a week.
Subsequent owners neither leased nor renovated the building, which became tattered.
Second, owners may lease their property to tenants for a defined period of time.
The new owner will lease about 300,000 square feet of space back to Reader's Digest for the next 20 years or so.
Its owner leased the chapel to a Methodist congregation from 1949 and sold it to them in 1957.
Now, owners lease taxis to drivers for the day, charging anywhere from $85 to $100.
The cottages were privately owned, and the owners leased their lots from the town.
The owner also leases 125 spaces in a neighboring lot for tenants.
The new owners, the Stanleys, leased it to tenant farmers.
Under this system an owner leases his taxi to a driver for a daily fee.