Arrangement in which one party sells a property to a buyer and the buyer immediately leases the property back to the seller. This arrangement allows the initial buyer to make full use of the asset while not having capital tied up in the asset. Leasebacks sometimes provide tax benefits. also called sale and leaseback.

Use leaseback in a sentence

I was able to get the apartment back through a leaseback to use for long term and I can start paying down my debt

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You may want to see if it would be in your best interests to work with a leaseback arrangement with a party you trust.

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A famous example of a leaseback occurred when the Knights of Columbus purchased Yankee Stadium from Arnold Johnson, and then leased it back to him for almost thirty years.

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lease term leasehold