leasing

The trust maintains ownership of the land while selling or leasing the property itself to low-income tenants.

In a statement, Spirit said the bankruptcy process - known as Chapter 11 - will not impact employee pay or payments to aircraft leasing companies.

They should look to more long-term master leasing of apartment buildings and hotels for supportive housing.

Initially, some landlords might refuse to pay brokers, instead opting to handle the entire leasing process on their own.

Tenants would, however, be required to contribute to the tax rolls by an unspecified amount through a “possessory interest tax” that can be levied on private companies leasing public buildings.