UK US lease sth back (to sb)
— Phrasal Verb with lease({{}}/liːs/ verb [T] COMMERCE, LAW
► PROPERTY, LAW to sell property or an asset, but continue to use it by paying rent to the new owner: »
The company may try to raise cash by selling and leasing back its buildings in London and Hong Kong.
► PROPERTY, LAW to buy property or an asset, and allow the seller to continue to use it by paying you rent: »
The fund aims to buy the ground's freehold and lease it back to the club for a pound a year.
Financial and business terms. 2012.