lease back

(redirected from leased it 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 ?
The same day, in a transaction involving 3,600 signatures on 100 documents, Malkin and Wien sold it to Prudential Life Insurance Company - which had put up @49 million of the purchase price - and then immediately leased it back to the Empire State Building Associates (Associates whose managing partner is Malkin, for a moderate declining rental through the year 2075.