lease back

(redirected from leased back)

lease back

1. To rent a property from the person or company to whom one sold it. The only way we could avoid losing our home was to sell it to the bank and then lease it back again.
2. To rent a property to the person or company from whom one bought it. The government is offering to buy up properties from people with vastly inflated mortgages and lease them back to them for much lower monthly amounts.
See also: back, lease

lease something back

to sell something, then rent it from the buyer. We sold the building to a real estate firm and then leased it back. There was some tax saving involved. We leased back the building.
See also: back, lease
References in periodicals archive ?
Upon the closing of the transaction, the property will be sold to a purchaser group consisting of JASS Realty Company, LLC, Seth Evan Frankenthal, Jeremy Scott Frankenthal, and Andrew Marc Frankenthal for an aggregate purchase price of USD8,230,000, and the property will be leased back to the bank for a fifteen year term, with the bank having the option to extend the term of the lease for two additional periods of ten years each.
Building will be leased back under a long-term agreement with Credit Suisse that runs until 2034
The carrier has leased back these engines for a period of seven years at a lease rate of 0.75% to 1.2% per month with an option to extend the contract by five years.
On the date of delivery the aircraft will be leased back on a dry lease agreement for a period of ten years.
and a lease back of a portion of the building by the seller, Corporate Transport Express, a distributor of office and home furnishings, which leased back 30,000 s/f.
ALBK has already sold and leased back a total of 50 from its 182 branches.
The eight adjoining office blocks that make up the HQ are to be leased back to the AIB Group over 20 years.
The Iron Corral vineyard, located in Pope Valley, which is part of the Napa Valley appellation, was acquired from, and leased back to, Foster's Wine Estates--Americas.
Ericsson then leased back the equipment from the new owners, reports the Swedish newspaper Dagens Industri.
In addition, if a former employee is leased back to the company in the same capacity within a short time period after leaving the company, the IRS may question whether there was an actual termination of employment.
Upon the closing of the transaction, the property will be sold to United Trust Fund Limited Partnership for an aggregate purchase price of USD8,230,000 and leased back to the bank for a 15-year term, with the bank having the option to extend the term of the lease for two additional periods of ten years each.
Finnish airline Finnair plc (OMX Helsinki:FIA1S) said on Thursday that Finnair Facilities Management Oy has sold and leased back four strategic properties in the area of Helsinki-Vantaa Airport to NV Property Fund I Ky.
LL Cannounced that it has acquired and leased back the corporate headquarters and three industrial facilities of Houston, Texas-based UTEX Industries, Inc., a leading designer and manufacturer of sealing products, for approximately $14.7 million.
(NYSE MKT: ACY) said it has bought from and leased back to Adria Airways two Bombardier CRJ900 aircraft.
The property will be sold at market value, SEK8m, and leased back on a long-term agreement.