leaseback

noun

lease·​back ˈlēs-ˌbak How to pronounce leaseback (audio)
: the sale of property with the understanding that the seller can lease it from the new owner

Examples of leaseback in a Sentence

Recent Examples on the Web According to a source close to the deal, the sellers agreed to the lowball offer because of the terms: a very short two-week escrow, all cash and with no contingencies, plus a free two-month leaseback term for them. James McClain, Robb Report, 11 Dec. 2023 In a sale leaseback transaction, a company sells a property like a store or a factory and immediately rents it back from the buyer. Luis Garcia, WSJ, 24 July 2023 This is the third such leaseback arrangement brokered by the developer, which specializes in luxury custom homes that are designed, constructed and furnished from land purchase to final sale by an in-house team of specialist architects, builders and interior designers. Lucy Alexander, Robb Report, 21 May 2021 The sale and leaseback of the real estate in Ottumwa does not appear to have added to the facility’s rental costs, according to a person briefed on the transaction. Gretchen Morgenson, NBC News, 3 Apr. 2023 Asda's owners the Issa brothers have sold a chunk of their U.S. retail and gas station property empire in a sale and leaseback deal worth $1.5 billion. Mark Faithfull, Forbes, 9 Mar. 2023 Scott Merkle, a managing partner at SLB Capital Advisors, which specializes in sale-leaseback transactions, said the long-term leases in the space generally rely on financially sound tenants that can be expected to make their lease payments for years. Margot Patrick, WSJ, 21 Nov. 2022 The long-term sale and leaseback agreement, which closed Tuesday between Salve and the Pennfield School, will eliminate Pennfield’s debt and allow the Pre-K-8 school to invest in academic programming, teacher support, and building the school’s endowment. BostonGlobe.com, 2 July 2021 The sale, approved at the council’s Dec. 13 meeting, includes a leaseback option for up to two years. Dallas News, 13 Dec. 2022 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'leaseback.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1947, in the meaning defined above

Time Traveler
The first known use of leaseback was in 1947

Dictionary Entries Near leaseback

Cite this Entry

“Leaseback.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/leaseback. Accessed 3 Mar. 2024.

Legal Definition

leaseback

noun
lease·​back ˈlēs-ˌbak How to pronounce leaseback (audio)
: the sale of property with the understanding that the seller can lease it back from the new owner
often used in the phrase sale and leaseback
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