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

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.
(Definition of lease sth back (to sb) from the Cambridge Business English Dictionary © Cambridge University Press)
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