I think I have found a small typo in the license agreement. The license agreement reads:
It should probably read:
... as you call the second type of license a "leased" one.
The license is effective until terminated (Owner license)/The license is effective for one year from the date you install the Software (Leased license).
The license is effective until terminated (Owned license)/The license is effective for one year from the date you install the Software (Leased license).