lease sth back (to sb) Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “lease sth back (to sb)” in the English Dictionary

"lease sth back (to sb)" in Business English

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lease sth back (to sb)

phrasal verb with lease uk   us   /liːs/ verb [T] COMMERCE, LAW
PROPERTY, LAW to ​sellproperty or an ​asset, but continue to use it by ​payingrent to the new ​owner: The ​company may ​try to ​raisecash by ​selling and ​leasing back its ​buildings in London and Hong Kong.
PROPERTY, LAW to ​buyproperty or an ​asset, and ​allow the ​seller to continue to use it by ​paying you ​rent: The ​fundaims to ​buy the ground's ​freehold and ​lease it back to the ​club for a ​pound a ​year.
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(Definition of lease sth back (to sb) from the Cambridge Business English Dictionary © Cambridge University Press)
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“lease sth back (to sb)” in Business English

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