Leaseback

Definition

A transaction where the seller of a property immediately becomes the tenant, leasing it back from the new owner. Selling your property but refusing to really leave.

Example Usage

The company executed a sale-leaseback of its headquarters to fund operations.

Origin

Financial innovation combining sale and lease transactions

Fun Fact

Sale-leasebacks are popular with companies facing cash crunches but needing to stay in place.

Source: Corporate finance and real estate standards

Related Terms

Intermediate

transfer tax

A tax levied by state or local government when property ownership changes hands. It's the government's cut of your real estate transaction, because apparently they weren't getting enough already.

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Beginner

commission

The beautiful moment when someone gets paid a percentage for making something happen, whether that's selling a house, brokering a deal, or convincing someone to buy timeshares. It's the financial incentive that turns salespeople into your new best friend until the contract is signed. In real estate, it's typically the 5-6% that makes agents answer your calls at 9 PM.

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Advanced

blue-sky opportunity

A property or deal with unlimited upside potential and minimal apparent risk—usually too good to be true and named after the empty optimism of staring at a cloudless sky. It's what every syndicator claims they're offering before the inevitable thunderstorm.

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Beginner

restrictions

The legal fine print that tells you what you can't do with your property, crushing dreams of backyard chicken coops and neon pink houses since time immemorial. These are the rules embedded in deeds, HOA bylaws, or zoning laws that limit how you can use or modify property. They're the reason you need to ask permission to build that treehouse in your own yard.

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Beginner

clear to close

The glorious moment when underwriting has approved all conditions and you're authorized to actually close on the property. It's the green light you've been praying for after weeks of document requests.

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Advanced

assignment of contract

The legal sleight of hand where a buyer transfers their purchase contract to another buyer before closing, often used by wholesalers who never intended to own the property. It's contract flipping without the renovation show.

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