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English definition of “lease sth back (to sb)”

lease sth back (to sb)

phrasal verb with lease     /liːs/ verb [T] COMMERCE, LAW
PROPERTY, LAW to sell property or an asset , but continue to use it by paying rent to the new owner : The company may try to raise cash by selling and leasing back its buildings in London and Hong Kong.
PROPERTY, LAW to buy property or an asset , and allow the seller to continue to use it by paying you rent : The fund aims to buy the ground's freehold and lease it back to the club for a pound a year .
→ Compare rent verb
(Definition of lease sth back (to sb) from the Cambridge Business English Dictionary © Cambridge University Press)
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