lease back

(redirected from leases 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
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

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
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.
See also:
References in periodicals archive ?
He said that in 1993, during the course of Petron's privatization, Petron had to convey its landholdings to PNOC to make way for a foreign partner, with the main condition that PNOC leases back the property to Petron over the long term.
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NORDIC BUSINESS REPORT-20 November 2003-Hafslund ASA sells and leases back Oslo office property(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com