No more than one license shall be issued and in effect for any single location within the city. A licensed premises may be owned by the licensee or may be leased by the licensee from a person not a licensee under this division, provided that a licensee who is a tenant or lessee may not surrender his tenancy or lease to the owner or lessor if, by so doing, the owner or lessor will take possession, control and operation of the licensed premises and the business licensed under this division, unless the license is transferred as provided in section 10-122. A licensee who is the owner of the licensed premises may not lease or otherwise give up possession, control and operation of the licensed premises and the business licensed under this division to any other person, unless the license is transferred as provided in section 10-122.