When the lease ends, the property reverts to the owner.

租约到期后，房屋归还业主。

《柯林斯英汉双解大词典》

If the lessor transfers the ownership of the property to a third party, the lease contract shall continue to be effective with respect to the new owner of the property.

如果出租方将财产所有权转移给第三方时，租赁合同对财产新的所有方继续有效。

youdao

The lessee of the house refers to the unit or individual person who has established legal lease relationship with the"owner".

房屋承租人，是指与被拆迁人具有合法租赁关系的单位和个人。

youdao

Peter Sherwood said the email was at best an "agreement to agree" and didn't bind the owner to renew the lease.

WSJ: Luxury Home Exits Housing Court

And Alex, the owner, gave us a horse to lease so that our members, when they go on an interview and they're stressing out could come to the horse stables and free their minds.

CNN: Transcript of June 'CNN Money Summit: Money & Main St.'

The Royal Army of Sulu wants Malaysia to recognise it as the rightful owner of Sabah, and to renegotiate the terms of the old lease - something Malaysia has made clear it has no intention of doing.

BBC: Malaysia police die in fresh Sabah gun battle