Definitions

1. noun

A transaction in which a person or organization leases a property to another party, and then subleases or rents it back from that party.

“The company entered into a leaseback agreement with the property owner to reduce its tax liabilities.”

2. verb

To lease a property to another party and then sublease or rent it back from that party.

“The developer leased the building back to the tenant after renovating it.”