leaseback

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Leaseback

A transaction whereby land is sold and subsequently rented by the seller from the purchaser who is the new owner.

leaseback

a property transaction in which the buyer leases the property to the seller.
References in periodicals archive ?
Often, a sale-and-leaseback is entered into when a corporation is short of cash, and its controlling shareholder has an abundance of cash or can liquidate investments.
A sale-and-leaseback between a controlling shareholder and a close corporation removes future appreciation from the corporation.
If real property used by a close corporation has been in service for many years, a sale-and-leaseback could generate a much larger rent deduction for the corporation than its current depreciation deduction.