Step-by-step explanation:
The transaction you described, where an owner sells their property to another party and then leases the property from the new owner for a stated period of time, is known as a "sale-leaseback" transaction. In this arrangement, the original owner becomes the tenant or lessee, and the new owner becomes the landlord or lessor. This is often done for various financial or business reasons, including freeing up capital tied to the property while allowing the original owner to continue using it.