Buying a property with lifetime lease?

[Yinan Q.]

I've heard of lifetime lease but not sure exactly what it is and under what circumstances a lifetime lease is created.

My understanding is that a lifetime lease allows the tenant to live in the property until the death of the tenant (I could be wrong).

So my questions is, can the owner sell a property with lifetime lease? If yes, what should I do if I bought a property with a lifetime lease but the previous owner failed (intentionally or unintentionally) to disclosure to me?