lease sth back (to sb)
phrasal verbwithleaseverb[T]COMMERCE,LAWuk/liːs/us
PROPERTY,LAW
tosellpropertyor anasset, butcontinueto use it bypayingrentto the newowner:
Thecompanymaytrytoraisecashbysellingandleasingbackitsbuildingsin London and Hong Kong.
PROPERTY,LAW
tobuypropertyor anasset, andallowthesellertocontinueto use it bypayingyourent:
Thefundaimstobuythe ground'sfreeholdandleaseit back to theclubfor apoundayear.
Compare
rentverb