A business arrangement whereby property is simultaneously sold and leased back to the seller for usually long-term continued use. Also called sale and leaseback, sale-leaseback.(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "leaseback" in a sentence
""We are continually reviewing opportunities for the disposal of property assets and amid improving market conditions in the retail sector, we now see an opportunity to place a portfolio of quality completed retail sites for tender, on the basis of sale and long term leaseback transaction, '' Mr Kemmler said in a statement."
"The seller gets a lump sum up front from the 'sale', which can be invested elsewhere, but simultaneously signs a rental agreement - the 'leaseback' - committing to make lease payments to the buyer in return for continued occupancy."
"Analysis is required to deter - mine if the leaseback is a finance or an operating lease."